Tuesday, October 05, 2004

October 8

Ace picks up on a National Journal Magazine article from Sept. 25:

Mark October 8 on your calendar. On the same day that John Kerry and George W. Bush are scheduled to clash in a debate, one of the most potent criticisms of Bush's economic record may lose most of its bite.

On that day, the Labor Department will announce September's unemployment figures, which either will show the job-creation slump of the past several months continuing, or will signal that employment growth is back on track.

More important, October 8 is also the date that the Labor Department squares the previous year's employment estimates with actual experience. And based on hints from other data on pay for workers, some Wall Street economists are expecting a hefty increase in the number of jobs created over the past year under Bush. If so, the final month of the presidential race may play out in a very different economic environment.