Watch out! Today there is good news about unemployment.
U.S. business productivity in the third quarter grew at the fastest pace in six years and new claims for jobless aid fell to a 10-month low last week, indicating the decline in labor market may be hitting bottom.
The Labor Department said on Thursday productivity surged at a 9.5 percent annual rate, the quickest pace since the third quarter of 2003, as companies squeezed more output from a smaller pool of labor to cut costs.
Since this is Thursday, it can only mean that we will see bad job news tomorrow just like the last time and the time before that.
Let's hope this time this will be a statistic that will be positive for Obama.
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