By Richard E Walrath

The employment figures for September came out, and everybody just loved them. 

Why, I don’t know. 

To start with, the August numbers were adjusted or revised, as they say.  Instead of losing 4000 jobs in August, the economy actually created, 89,000, they said. 

In other words, they didn’t even get the direction right.

September barreled in, however, with an under-whelming figure of 110,000 jobs making the market talking heads overjoyed. 

Let’s see now–for the three months, July, August and September, that’s an average of very close to 100,000!   But I guess it depends on where you sit and when.  During the Clinton years, 100,000 jobs created in a month would have been viewed in a very negative way.

But there was President Bush on the TV talking about how pleased he was with such a vibrant economy.

Go figure!