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August 2013 NFP: NFP + 169K, Exp. 180K
Zero Hedge Twitter ^ | Sept 6 2013 | Tyler Durden

Posted on 09/06/2013 5:30:46 AM PDT by Perdogg

NFP + 169K, Exp. 180K— zerohedge (@zerohedge) September 6, 2013



TOPICS: Business/Economy
KEYWORDS: bls; nfp; unemployment
Details to follow......
1 posted on 09/06/2013 5:30:47 AM PDT by Perdogg
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To: Wyatt's Torch; SeekAndFind; xzins; John W

weak.


2 posted on 09/06/2013 5:31:24 AM PDT by Perdogg (Cruz-Paul 2016)
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To: Perdogg

Very weak. U3 7.3%.


3 posted on 09/06/2013 5:32:01 AM PDT by Wyatt's Torch
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To: Wyatt's Torch

Previous Revised from 162K to 104K— zerohedge (@zerohedge) September 6, 2013


4 posted on 09/06/2013 5:32:26 AM PDT by Perdogg (Cruz-Paul 2016)
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To: Perdogg

The say the UE is 7.3% versus gallup’s 8.7%.

I don’t know that there’s ever been a bigger gap between the two.

Someone or Something is fudging numbers someplace.


5 posted on 09/06/2013 5:32:56 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins

WORK FORCE RATE AT 63.2%, LOWEST SINCE 1978...


6 posted on 09/06/2013 5:34:15 AM PDT by Perdogg (Cruz-Paul 2016)
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To: Perdogg
July's number revised from 169K NFP to 104K- a drop of almost 40%!!!
7 posted on 09/06/2013 5:34:57 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: xzins
Someone or Something is fudging numbers someplace.

Nah! C'mon! They wouldn't do that! /SSSSS

8 posted on 09/06/2013 5:35:13 AM PDT by Bushbacker1 (Molon Labe! (Oathkeeper))
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To: xzins

August jobs report: Payrolls: +169K Private: +152K Unemployment: 7.3% Participation rate: 63.2% Workweek: 34.5 hours Hourly wage: $24.05— MarketWatch (@MarketWatch) September 6, 2013


9 posted on 09/06/2013 5:38:29 AM PDT by Perdogg (Cruz-Paul 2016)
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To: God luvs America

10.8%: Jobless rate if labor force participation were at January 2009 levels— James Pethokoukis (@JimPethokoukis) September 6, 2013


10 posted on 09/06/2013 5:40:44 AM PDT by Perdogg (Cruz-Paul 2016)
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To: Perdogg

Look at post #7. That is some incredible revision of greater than 30%.

Amazing.


11 posted on 09/06/2013 5:46:49 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: Perdogg

A 58K downward correction? Dayum!!!!


12 posted on 09/06/2013 5:47:30 AM PDT by ScottinVA (Obama is so far in over his head, even his ears are beneath the water level.)
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To: Perdogg

U6 down to 13.7%


13 posted on 09/06/2013 5:52:55 AM PDT by Wyatt's Torch
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To: Perdogg

That’s a huge downward revision


14 posted on 09/06/2013 5:53:38 AM PDT by Wyatt's Torch
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To: xzins
The say the UE is 7.3% versus gallup’s 8.7%.
I don’t know that there’s ever been a bigger gap between the two.
Someone or Something is fudging numbers someplace.

We're still printing money like candy, too.
There's something bad in the air. Something very wrong is going on. No one is telling the truth about anything anymore, and it's blatant.

15 posted on 09/06/2013 5:57:47 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: concerned about politics

The really odd thing to me is that this encourages the Fed to continue its plan to taper the QE 85B spending each month.

That will wreck this fantasy economy unless I’m missing something.

I can’t believe Obama’s going along with it, but the Department of Labor is a wholly owned subsidiary of Barack Inc with a true-blue, civil rights democrat in charge of it.

They’re launching a recession or worse seems to me.


16 posted on 09/06/2013 6:07:39 AM PDT by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: xzins
They’re launching a recession or worse seems to me.

It's obovious to anyone watching that the employment situation in this country is a lot worse than Washington is letting on.

17 posted on 09/06/2013 6:26:29 AM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: xzins

18 posted on 09/06/2013 6:32:10 AM PDT by Red Badger (It is dangerous to be right in matters where established men are wrong. .....Voltaire)
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To: xzins
They decide to release the horrendous revisions when everyone has their eye on the launch of a new war. That is all this war is - to distract everyone from the implementation of Obamacare with it's attendant rate hikes, Benghazi, F&F, Sebelius soliciting private funds, IRS, yada yada. LOOK FOR A LOT OF NEWS DUMPING WHILE THIS IS GOING ON AND ALSO WATCH CONGRESS AS THEY JAM DOWN A “COMPREHENSIVE AMNESTY” BILL IN THE DEAD OF NIGHT.
19 posted on 09/06/2013 6:56:37 AM PDT by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: Wyatt's Torch

I don’t see how we got such a good Non-manufacturing ISM report with this jobs number.


20 posted on 09/06/2013 11:05:19 AM PDT by Perdogg (Cruz-Paul 2016)
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To: Perdogg

Labor Participation is 63.2%, which is a 35 year low.


21 posted on 09/06/2013 11:11:21 AM PDT by Cyber Liberty (Uncle Miltie: Obama poisoned race relations for a generation. Everything is racial now.)
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To: Perdogg

Agree. Big disconnect. Makes me wonder if the NFP will catch up. At the end of the day though, the recent data has been decidedly mixed. It continues to point to <2% GDP growth as the new normal.


22 posted on 09/06/2013 11:13:57 AM PDT by Wyatt's Torch
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To: Wyatt's Torch

ADP V NFP June-July-August; June and July are post revision:

ADP-NFP

198k 178k (87% of ADP)

198k 104k (52% of ADP)

176k 169k (97% of ADP)

ADP Average: 191k

NFP Average: 148k (78% of ADP)

Two month moving average

ADP 187k 137k (73% of ADP)


23 posted on 09/07/2013 8:01:08 AM PDT by Perdogg (Cruz-Paul 2016)
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