By Andrew L. Jaffee

The U.S. economy still proves to be the strongest and most dynamic on earth, thanks to our diversity, free exchange of ideas, easy access to capital, entrepreneurial spirit, and creativity. From Fox News:

Unemployment Rate Hits 5 1/2 Year Low at 4.4 Percent as Economy Adds 92,000 Jobs …

The unemployment rate dropped to a five-year low of 4.4 percent in October as employers added 92,000 new jobs — flashing a picture of a strong labor market as the midterm elections draw near.

The latest report, released Friday by the Labor Department, showed that the civilian unemployment rate fell 0.2 percentage point from 4.6 percent in September. It marked the third month in a row that the politically prominent jobless rate declined.

And America’s service sector showed growth too, according to the Institute for Supply Management:

Adding to that view, the ISM services survey at 57.1 was above the median forecast of 54.5 and the highest since May.

“The [ISM] data is broadly consistent with the employment report’s most important message that the bulk of the economy - services - is resilient,” said Alan Ruskin, chief international strategist at Greenwich Capital Markets in Greenwich, Connecticut.

Will the Fed continue to tighten, and derail this economic growth? Hmmm… If I were the Republican Party, I’d start tooting these numbers now.