Stock Market Extends Rally

As of my posting this article, the Dow was up 88.20 (3:43pm EST). The market has risen nearly 400 pts this week!

"Nonfarm payrolls grew by a robust 337,000 last month, more than twice the increase recorded in September and the fastest pace of hiring in six months. The unemployment rate rose a tenth of a percentage point to 5.5%, signaling more Americans are returning to the labor force to look for work."

The last line is interesting. Unemployment going up is reported as GOOD news! What a difference an election makes.

Shannen Coffin at NRO has a great insight: "Isn't it nice to have an economic report released without John Kerry saying that he can do better?"

UPDATE: Great point by Andrew in our office: "Maybe the unemployment rate went up because all those 'volunteers' at MoveOn, ActUp, etc are looking for jobs!"