Unemployment dips into the 4%s

Barely, and the Katrina impact has not been taken into account.  It's not going to be pretty in terms of not just oil and Gulf businesses but in terms of ports.

http://www.cbsnews.com/stories/2005/09/02/ap/business/mainD8CC5DJG8.shtml

I still don't really buy the "motoring along and creating more than a decent number of jobs..." I miss the Clinton years in that regard.

Anyone have the "inside numbers" that take into account participation rate, population adjustment, etc?  I always like how adding those things sparks debate. The article shown does have some interesting figures of its own, like weekly earnings and time and job divisions. Numbers aren't as good as expected (190,000 was forecasted) and the usual trends of services, business and finance going up and factories going down is continuing.