Sunday, March 12, 2006

Now For The Good News...

Reading through my favorite blogs this morning, the air of pessimism and gloom is almost palpaple. It's like John Derbyshire has invaded everyone's computer. I know there is a lot of junk going on to write about, but it all seems to be pretty much covered...over and over and over. :-) Then I went over to the Heritage Foundation, and found this:

Unemployment dropped to a rate of 4.9 percent in December 2005, down 0.1 percentage points from last month and down from an average rate of 5.5 percent in 2004.

During 2005, 2.0 million new payroll jobs were created, and the total number of workers rose by 2.6 million. In December, the preliminary data indicate an additional 108,000 payroll jobs, just enough to keep up with population growth. The big surprise is that November job gains were revised upwards to 305,000.

Job gains were broad-based across all sectors. Some 90 percent of job gains in 2005 were in the service sector, which is where more than 80 percent of Americans work. The economy created half a million new jobs in professional services, 360,000 in private health and education, 240,000 in leisure and hospitality, 26,000 in trade and transportation, 19,000 in finance, and even 10,000 teaching jobs at the local level.

The article is by Tim Kane, Ph.D, a staffer at The Heritage Foundation. This article is full of good news about the economy, and how he thinks it will save Bush's tax cuts. Read it. You won't find it in your local newspaper.