Americas Economy: Something To Cheer About - The Economist

ONE imagines that Republican politicians and staffers have been doing a lot of praying over the past few weeks, as polls suggest it is all-but-certain that the party will lose control of at least one house of Congress in the pending mid-term elections. So new jobs figures released on Friday November 3rd must seem to be some sort of divine response. America’s Bureau of Labour Statistics now suggests that unemployment has dropped to 4.4%, the lowest level in five years—and better than all but the last two bubbly years of the Clinton administration, to which campaigning Democrats have often implicitly offered a return.