Is this the last positive year-end economic wrap up we’ll see for a while?
Employers stepped up hiring last month, boosting payrolls by a healthy 167,000 and keeping the unemployment rate steady at a still historically low 4.5 percent. Workers’ wages grew briskly.
For all of 2006, the nation’s unemployment rate dropped to a six-year low of 4.6 percent as the economy added 1.8 million jobs. In 2005, the unemployment rate averaged 5.1 percent.
Over the last 12 months, wages grew by a strong 4.2 percent. That matched the annual gain registered in November and was exceeded only by a 4.3 percent annual increase in November 2000.
So the economy is strong, wages are growing faster than inflation. (Meanwhile due to the Bush tax cuts we get to keep more of our money too).
How fast can Harry Reid and Nancy Pelosi screw this up?
