WASHINGTON (AP) The Labor Department says the unemployment rate climbed to 4.6 percent in January, the highest since September; Businesses added 111,000 new jobs to their payrolls.Look to Tom Blumer of BizzyBlog for the best analysis...
UPDATE - Larry Kudlow writing (in part - read the whole thing at the link)over at NRO's the Corner:
At $16.76, average hourly earnings are nearly 20 percent above year 2000 levels, and 44 percent above the $11.65 level in the fifth year of the Papa Bush/Clinton business expansion cycle.This is the fifth year of the GWB cycle.That is something else to consider...
Even in inflation adjusted terms, real average hourly earnings are slightly higher than the 2000 peak, and nine percent above the 1995 fifth year average level.
