October 6 2010
"Unexpected" is back.
The Wall Street Journal today notes on the front page:
U.S. stock futures pared earlier gains after the number of private-sector jobs unexpectedly dropped by 39,000, pointing to continued labor-market weakness ahead of Friday's closely watched official monthly employment data.
Inkwell has taken note in the past of the unexpectedly meme. It may have been Jim Geraghty of National Review who first noted that bad unemployment figures are always unexpected by the media (at least during this administration).
But here is the deal (as I've said before on Inkwell): We should expect bad employment news until government gets out of the way and lets the business sector create jobs.