Earlier this week the DowJones reached a new six year high, so that means the economy is doing just fine, right? Well, CNN reports

Payroll growth last month was the weakest since shortly after last summer's hurricanes, the government said Friday [. . .].

Employers added 138,000 jobs in April.

Though, there does seem to be some concern that if job growth were to be as robust as George Bush says it is, that would mean the Fed would have to raise rates to contain the economy. Can't have people getting jobs, can we? I mean the average hourly wage increased a whole nine cents! Nine cents, can you imagine it? Why that's almost a whole extra $4 a week!!! We better raise the interest rates so folks will spend those four bucks on credit card payments instead of food, or gas, or....
posted by Idle Crank at 5/05/2006 10:20:00 AM