Skip to comments.August 2013 NFP: NFP + 169K, Exp. 180K
Posted on 09/06/2013 5:30:46 AM PDT by Perdogg
NFP + 169K, Exp. 180K— zerohedge (@zerohedge) September 6, 2013
Very weak. U3 7.3%.
Previous Revised from 162K to 104K— zerohedge (@zerohedge) September 6, 2013
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.
WORK FORCE RATE AT 63.2%, LOWEST SINCE 1978...
Nah! C'mon! They wouldn't do that! /SSSSS
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
10.8%: Jobless rate if labor force participation were at January 2009 levels— James Pethokoukis (@JimPethokoukis) September 6, 2013
Look at post #7. That is some incredible revision of greater than 30%.
A 58K downward correction? Dayum!!!!
U6 down to 13.7%
That’s a huge downward revision
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.
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.
It's obovious to anyone watching that the employment situation in this country is a lot worse than Washington is letting on.
I don’t see how we got such a good Non-manufacturing ISM report with this jobs number.
Labor Participation is 63.2%, which is a 35 year low.
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.
ADP V NFP June-July-August; June and July are post revision:
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)
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