Unemployment falls; wages up 4 percent
By Patrice Hill
THE WASHINGTON TIMES
October 7, 2006

The nation's unemployment rate fell to 4.6 percent last month, down from 4.7 in August, and average wages rose by 4 percent over the previous year -- the best performance for both measures in five years.
The monthly Labor Department report released yesterday revealed that 51,000 new jobs were reported last month, a disappointing figure, but job gains were stronger than reported earlier for the previous year and a half.
"The economy is actually stronger than these employment numbers suggest," said Bernard Baumohl, executive director of the Economic Outlook Group, a Princeton, N.J., economic-advisory firm. The figures were mixed and elicited widely varying reactions from financial markets and analysts.

Unemployment falls; wages up 4 percent*-*Business*-*The Washington Times, America's Newspaper