Redstate

By Pejman Yousefzadeh Posted in Economy | Economy | Employment — Comments (0) / Email this page » / Leave a comment »

This might help:

Employers added about twice as many new employees last month than expected, while factory orders edged up, according to government reports on Friday that implied the economy was strong enough to avoid recession.

The Labor Department said 166,000 non-farm jobs were added in October, enough to support consumer incomes and spending in the approaching holiday shopping season.

Separately, the Commerce Department said new orders at U.S. factories gained 0.2 percent in September despite forecasts for a decline, mainly because machinery and computer orders rose.

There are still rightful concerns regarding how well the economy will perform in this quarter and the next and we won't know the answer concerning that for some time. But we are getting the best possible news we can concerning the performance of the economy in the last quarter. Maybe we'll ride out the dangers posed by the credit crunch yet.