Unemployment falls to 4.9%

2005-09-02
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Those evil Bush tax cuts for the rich are continuing to devastate the US economy (hah hah).

The nation’s unemployment rate dipped to a four-year low of 4.9 percent in August as companies added 169,000 jobs, a sign that the labor market continued to gain traction before Hurricane Katrina struck.

The latest snapshot of the United States’ jobs climate, released by the Labor Department on Friday, buttressed observations by Federal Reserve Chairman Alan Greenspan and his colleagues that the hiring situation was gradually improving — a bit of good news for workers as they headed into the Labor Day weekend.

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