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248,000 payroll jobs added in May; Jobless rate: 5.6%
CNBC | Friday, June 4, 2004

Posted on 06/04/2004 5:30:16 AM PDT by JohnHuang2

Edited on 06/04/2004 5:36:32 AM PDT by Admin Moderator. [history]

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To: NeonKnight

This news definitely will be the lead item tonight on CBS.../Sarcasm ;-)


21 posted on 06/04/2004 5:39:17 AM PDT by JohnHuang2
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To: Lunatic Fringe
"947,000 jobs is 3 months"

It's Bush's fault!

22 posted on 06/04/2004 5:39:49 AM PDT by JohnHuang2
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To: True Capitalist

Exactly -- this labor market is sizzlin'


23 posted on 06/04/2004 5:40:38 AM PDT by JohnHuang2
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To: JohnHuang2

It usually takes me about 8 weeks to find a good computer programming job when I put my mind to it. This time it took me 6.


24 posted on 06/04/2004 5:41:01 AM PDT by Lazamataz ("Stay well - Stay safe - Stay armed - Yorktown" -- harpseal)
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To: Allegra

BUSH LIED! JOBLESS RECOVERY DIED! ;-)


25 posted on 06/04/2004 5:41:44 AM PDT by JohnHuang2
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To: Allegra

Every sector up but government which is down 27K. Cannot ask for anything better. Even a substantial recovery in MFG. Tax revenues are starting to rise for the states. Kudlow calling for 15-20 percent rally in the stock market this summer. To top it all off gas at my local station was 1.85 last night down 10 cents from a week ago.


26 posted on 06/04/2004 5:41:45 AM PDT by babaloo
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To: Lazamataz

Congrats, Laz!


27 posted on 06/04/2004 5:42:10 AM PDT by JohnHuang2
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To: NeonKnight


Most analysts expected 250,000 with the "whispered number" at 350,000. The markets will be down today because these will be "disappointing numbers".


28 posted on 06/04/2004 5:42:20 AM PDT by kittymyrib
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To: JohnHuang2
Exactly -- this labor market is sizzlin'


29 posted on 06/04/2004 5:42:24 AM PDT by Lazamataz ("Stay well - Stay safe - Stay armed - Yorktown" -- harpseal)
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To: True Capitalist
Economists surveyed by Briefing.com had forecasted 225,000 jobs being added in the May report, while John Kerry was hoping for no jobs being added.

Odds are, if past is prologue, May figures will be revised up, too.

30 posted on 06/04/2004 5:43:14 AM PDT by JohnHuang2
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To: JohnHuang2
Congrats, Laz!

Why? It's not like I got married or anything.

And we all know how that worked out for me....

;^)

31 posted on 06/04/2004 5:43:24 AM PDT by Lazamataz ("Stay well - Stay safe - Stay armed - Yorktown" -- harpseal)
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To: Lazamataz

hehehe


32 posted on 06/04/2004 5:43:32 AM PDT by JohnHuang2
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To: Lazamataz

lol!


33 posted on 06/04/2004 5:43:46 AM PDT by JohnHuang2
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To: JohnHuang2

947,000 new jobs in 3 months! Excellent news!


34 posted on 06/04/2004 5:44:42 AM PDT by kellynla (U.S.M.C. 1/5 1st Mar Div. Nam 69&70 Semper Fi http://www.vietnamveteransagainstjohnkerry.com)
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To: JohnHuang2
I think I'm gonna get some outrageously expensive lunch today.

And buy an assault weapon this weekend.

Who knows.

35 posted on 06/04/2004 5:45:04 AM PDT by Lazamataz ("Stay well - Stay safe - Stay armed - Yorktown" -- harpseal)
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To: kittymyrib

The whispered number would have sparked a sell off, with expectations of even bigger Fed tightening.


36 posted on 06/04/2004 5:45:18 AM PDT by JohnHuang2
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To: JohnHuang2

Difficult to see a negative spin on this, but I'm sure the networks will give it a whirl somehow lol!


37 posted on 06/04/2004 5:45:46 AM PDT by KellyAdmirer
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To: Lazamataz

Heck, why not? ;-)


38 posted on 06/04/2004 5:45:52 AM PDT by JohnHuang2
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To: JohnHuang2

But beware, the labor shortage! I was reading a news story about the 1.8 percent unemployment rate in northern Virginia and the reporter had to point out that when the unemployment rate went below 2 percent, we would be in danger (we're doomed) of a labor shortage.


39 posted on 06/04/2004 5:46:10 AM PDT by rabidralph (EPIC=Extra Pretty in Color)
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To: KellyAdmirer

hehe, Dan, Peter and Tom are working on it right now ;-)


40 posted on 06/04/2004 5:46:24 AM PDT by JohnHuang2
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