Now for Some Good News…And a Little Perspective – The Market and Economy

It’s Friday and I could use some good news.  How about you? 

This morning the Labor Department announced that employers added 166,000 new jobs to the economy in October, which is more than twice what was forecast. 

The gross domestic product, GDP, is also stronger than economists have been predicting.  At 3.9%, the GDP is the broadest measure of the nation’s economic activity. 

From the Wall Street Journal: 

In remarks following the GDP report, Edward Lazear, chairman of President Bush’s Council of Economic Advisers, noted, “It is really quite remarkable that during a quarter when we had housing-market issues, when we had a credit situation in the beginning of August, despite that, we still ended up with nearly 4% growth.”