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144,000 Jobs Created in August (UE Rate Down at 5.4%)
CNBC | September 3, 2004

Posted on 09/03/2004 5:30:59 AM PDT by RWR8189

jobs were created in August. The unemployment rate edgged down at 5.4%

Upward revisions

Details to come...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: 2004; bush; bush43; bushboom; busheconomy; bushrecovery; camejo; cheney; dubya; edwards; election; ffrhike; goodbyedemocrats; gwb; gwb2004; joblessrecovery; jobs; jobsreport; kerry; kerrycries; nader; nafta; nonfarmpayrolls; omgwearedoomed; payrolls; suicidewatchforwg; tdids; thebusheconomy; uerate; unemployment; unemploymentrate; weredoomed; wgids; whatsupwillie; wheresdaschele
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To: JoeBob255
Same as the rate in November 1996. It was 5.2 in September that year, 5.6 back in May. FWIW.
101 posted on 09/03/2004 6:07:25 AM PDT by JasonC
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To: RWR8189

In response, the Kerry campaign has announced a 3:00 AM rally in Dead Horse, Alaska.


102 posted on 09/03/2004 6:07:38 AM PDT by Semi Civil Servant (The Kerry/Moore ticket has peaked.)
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To: Boss_Jim_Gettys

Yes, it's the worst economy in 60 years. :-)


103 posted on 09/03/2004 6:08:14 AM PDT by Rebelbase (John Kerry, sign form 180 .)
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To: af_vet_1981

Interesting. Twice the previous number. How do you miss 36,000 jobs?

You have partisan Democrats in the agencies that track and interpret the numbers ?



Also, there are liberal universities who work with these figures. For the last two years, for most months, they have underestimated the new jobs in the first reports and then slid in the real data in later months.

Just another example of my old questio:

"When do liberals lie?"


104 posted on 09/03/2004 6:08:32 AM PDT by Grampa Dave (https://www.swiftvets.com/swift/ccdonation.php?op=donate&site=SwiftVets)
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To: Salvation
Yeah...........funny how what's good for America continues to be bad for liberals.

My heart just breaks for them. ;o)

105 posted on 09/03/2004 6:10:41 AM PDT by ohioWfan (BUSH 2004 - Leadership, Morality, Integrity)
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To: RWR8189
The timing of this report is suspicious.
106 posted on 09/03/2004 6:11:37 AM PDT by Condor51 (May God have mercy upon my enemies, because I won't. -- Gen G. Patton Jr)
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To: Boss_Jim_Gettys
So that means (using the DNC "new math") that 6,000 jobs were actually lost in August.

I'm not sure how that classifies as "new" (ie odd). Can you explain why this shouldn't be taken into account, and to consider the economy a static entity?
107 posted on 09/03/2004 6:12:37 AM PDT by lelio
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To: NC28203
Arnold has some advice for your and the rest of your third party girly boy losers:

Or as someone said this summer, "Shove it, Girly boy!"

108 posted on 09/03/2004 6:12:47 AM PDT by Grampa Dave (https://www.swiftvets.com/swift/ccdonation.php?op=donate&site=SwiftVets)
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To: The G Man

Dear G Man,

It appears that the Yankees are out in front by 3 1/2 games, at least as of this morning.


sitetest


109 posted on 09/03/2004 6:13:48 AM PDT by sitetest (Spitball Kerry for Collaborator-in-Chief!)
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To: Maigrey
WaaaahhhhHH! No jobs. Economy sucks! Rich people tax cuts! Waaaahhhhhh!

You just distilled the entire Democratic Convention into 10 words. Kudos! :^)

110 posted on 09/03/2004 6:13:58 AM PDT by TheBigB ("I'm Bill Clinton, and I'm reporting for booty!")
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To: Grampa Dave
We have a Girly Boy lib on our cul de sac who has a sign about the 3 million jobs lost. I will have to make this into a sign.

Ask that sissy how he came up with those numbers. When he gets done saying "um, er, well, I think, I heard..." Educate him by telling him that the numbers used by the Kerry Lie team are from a survey sent out to large corporations.... and they use the ones the corporations bother to send in. Then tell him that 80% of job growth during this Administration has been in the small business sector, which is not included in the survey. Then by ask him that if so many jobs are lost, why aren't Kerry and others talking about the unemployment rate? He won't have an answer for any of those questions, but may parrot the Dumbasscratic talking points. Conclude by telling him that since he obviously knows not what he speaks, he should stop exposing himself as an idiot and take the damn sign down!

111 posted on 09/03/2004 6:14:57 AM PDT by CurlyBill (John Kerry is PeeWee Herman in a Frankenstein costume)
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To: lelio

Because the difference between the preliminary 144,000 number for August and 150,000 is statistically insignifigant.

Get real.


112 posted on 09/03/2004 6:15:43 AM PDT by RWR8189 (Its Morning in America Again!)
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To: sitetest
Dear G Man,

It appears that the Yankees are out in front by 3 1/2 games, at least as of this morning.

~~~~~~~~

Pssssst! Somebody better tell John Fraud Kerry then, 'cause that's how he started off his "midnight madness" rally last night! LOL!

113 posted on 09/03/2004 6:16:56 AM PDT by The G Man (I'm mad as ZELL and I'm not gonna take it anymore!)
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To: ShandaLear

It is very rare for the "expected number" to be this close to the actual released number. Anything from 125k to 175k jobs would have been been considered similar numbers.
/


114 posted on 09/03/2004 6:18:06 AM PDT by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))
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To: RWR8189

From the AP:

"America's payrolls picked up in August, with the economy adding 144,000 jobs, slightly less than economists were forecasting and highlighting the slow and uneven recovery in the labor market that jobseekers have braved."

"But the drop in the jobless rate in August came as people left the work force for any number of reasons"

"The gain in payrolls was short of the 150,000 net jobs that economists were calling for."

"Job gains for July were revised up to 73,000, still a lackluster number but an improvement from the 32,000 advance first estimated."

"The economy has lost 913,000 jobs since Bush took office."

"In August retail and automobile sales came in sluggish, consumer confidence dropped and manufacturing activity grew at a slower pace."

"Economists want to see at least 200,000 net jobs added a month on a consistent basis before declaring the labor market fully healed."

Could these guys be any more negative?


115 posted on 09/03/2004 6:19:49 AM PDT by Hermann the Cherusker
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To: RWR8189

up revision of July to 73,000 as well. Wages up a nickle.


116 posted on 09/03/2004 6:22:44 AM PDT by q_an_a
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To: RWR8189
This is really good news!

I know its a challenger mentally, but people have to see that Kerry/Edwards and all the scum of the DNC take great joy and eye-twinkling, hand-wringing delight at anything bad that happens to our country. Its not all just that he'll have some fodder. They really want bad things to happen to our country. I'm convinced that all dims want this. Zell Miller being the obvious exception. I often wondered why my grandfather was a staunch democrat. But when I saw Zell speak, I knew. That if that was what the dem party used to be, that would have appealed to him, being an extremely strong and independent man himself.
117 posted on 09/03/2004 6:23:03 AM PDT by libs_kma (Write congress to get out of UN and UNESCO - Again!)
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To: All
The UE Rate has dropped by 1% since Bush's Tax-cut was enacted.
118 posted on 09/03/2004 6:23:39 AM PDT by Skylab
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To: CurlyBill

He and I don't talk any more after his index finger all most came off his hand when he tried to jab it into my chest while lying/whining about the upcoming draft, which isn't happening.

He bought his home for 1.3 million 3 years ago. He has put about $350,000 in extras, like a pool, walls like old missions and other exterior stuff. They own 3 new Audis and have a new Foreign SUV ordered. They have 2 loser sons in expensive colleges, the son at home, the only redeeming one goes to a very expensive private high school. His wife walks their 3 dogs twice a day as her job.

Yet, this clymer lies/whines about the economy. What is funny everyone on this cul de sac is employed, owns their own business or is retired like me. All adult children are employed or own their own business/profession. Everybody during the terrible Bush recession has spent a lot of money on improving their home and bought at least one new vehicle. That was financed by lower home owner loans and what we made on the stock market last year.


119 posted on 09/03/2004 6:26:24 AM PDT by Grampa Dave (https://www.swiftvets.com/swift/ccdonation.php?op=donate&site=SwiftVets)
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Comment #120 Removed by Moderator

To: xzins
LOWER than Clinton's. It's amazing.

What are John Kerry's morals, Alex?

121 posted on 09/03/2004 6:28:30 AM PDT by TruthShallSetYouFree
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To: The G Man

Dear The G Man,

LOL. I didn't realize that.

Don't confuse them with the facts.


;-)


sitetest


122 posted on 09/03/2004 6:28:56 AM PDT by sitetest (Spitball Kerry for Collaborator-in-Chief!)
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To: RWR8189

Yeah, does Bush get credit for 300,000 new job this month since he took all that heat on the under estimate last month?


123 posted on 09/03/2004 6:29:31 AM PDT by JLS
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To: TheyConvictedOglethorpe; Quilla
That's one of the reasons for the growing gap between the establishment and household surveys. A lot of the growth in employment is in small firms and start-ups.

Precisely. The newer technology - completely computerized equipment that requires a much smaller workforce - is allowing much smaller competitive firms. That is really throwing off the employment numbers, and a surprisingly large number of analysts don't seem to comprehend this. In fact, I've not heard even Greenspan speak to this issue.

124 posted on 09/03/2004 6:29:50 AM PDT by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))
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To: Thane_Banquo
How do you miss 36,000 jobs?

Ask my brother-in-law. He's been looking for 25 years and hasn't found one.

125 posted on 09/03/2004 6:31:33 AM PDT by TruthShallSetYouFree
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To: freeperfromnj

"Did you see that stupid grin on his face as he sheepishly hid behind Edwards while defended his client (I mean running mate). He looked like he himself was embarrassed at what he was doing."


Maybe that is why he had to get "happy" to pull this stunt off. The joke is on him once again, he tried to "flip" VP Cheney and "flopped".


126 posted on 09/03/2004 6:32:02 AM PDT by Just mythoughts
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To: Rebelbase
"Yes, but FOX had an analyist on that said the economists were expecting 150,000 jobs to be added.

Another Bush failure"

Preposterous! FOX needs new a analyst.
127 posted on 09/03/2004 6:32:29 AM PDT by demlosers
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To: RWR8189
I wonder how the "worst economy since Herbert Hoover" crowd are gonna spin this.
128 posted on 09/03/2004 6:35:42 AM PDT by RasterMaster (Saddam's family were WMD's - He's behind bars & his sons are DEAD!)
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To: lelio

Given that the unemployment RATE has dropped during the last year, it is apparent that more than 150,000 jobs have been created per month. This survey of manufacturers is not accounting for all the work being done - it includes only large firm's jobs. That is the bottom line is that 5.4% is lower than last year - and that means more jobs are being done compared to new people entering the workforce.
/


129 posted on 09/03/2004 6:35:45 AM PDT by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))
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To: Tennessean4Bush
This kinda sums up that little Kerry Pow-Wow last night...


130 posted on 09/03/2004 6:36:31 AM PDT by DadOfFive (I bought Unfit for Command, You should too!)
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To: ClearCase_guy
the Vice President got five deferments! Five!
He must've used those deferments pretty well to end up CEO of Haliburton, a Legislator from WY and Vice president. I'd say the country gained something by giving him a pass, of course you'd say the same about Bill Clinton?
131 posted on 09/03/2004 6:37:03 AM PDT by hford02 (I'm gonna have my son's name changed to Zell.)
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To: RWR8189

Great news.


132 posted on 09/03/2004 6:37:54 AM PDT by jveritas
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To: Thane_Banquo
Interesting. Twice the previous number. How do you miss 36,000 jobs?

Easy. You do what Missouri Gov. Holden's butt-boy in Jeff City did and count all the teachers on vacation in June and July as "unemployed".

That alone skewed to unemployed count by 59,000 jobs.

Woofer out

133 posted on 09/03/2004 6:38:21 AM PDT by woofer
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To: The G Man

The whole point is that those who left the mainstream workforce and go into business themselves is not part of the manufacturer's survey at all. It can only be accounted for in the household survey, and I'm not convinced that does a very precise job at all.


134 posted on 09/03/2004 6:38:22 AM PDT by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))
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To: Hermann the Cherusker

AP, the propaganda spinsters.


135 posted on 09/03/2004 6:38:33 AM PDT by demlosers
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To: AFPhys

That's my point.


136 posted on 09/03/2004 6:39:47 AM PDT by The G Man (I'm mad as ZELL and I'm not gonna take it anymore!)
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Comment #137 Removed by Moderator

To: Skylab
The UE Rate has dropped by 1% since Bush's Tax-cut was enacted.

Worth repeating... nay ... screaming out loud.

138 posted on 09/03/2004 6:44:07 AM PDT by AFPhys ((.Praying for President Bush, our troops, their families, and all my American neighbors..))
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To: Guillermo

ABC called it "So So". This is HUGH!!!! Series!!!

Spin it libs, but we are now at just under 900,000 jobs lost using dim figures. First of all, this lib argument is lame. Secondly, the libs screamed 8 million jobs lost in the beginning. Then it was 5 million jobs lost... then 3.5 million... then 2.5 million... then 1.7 million... then 1.2 million... now 900,000. I see a defined pattern in these numbers!!! :-)

LLS


139 posted on 09/03/2004 6:45:19 AM PDT by LibLieSlayer (Continued Job creation will not matter, if kerry "Outsources" our National Defense!)
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To: slowhand520
But Kerry served in vietnam

He did? That's news to me...... I've just started paying attention to politics....

140 posted on 09/03/2004 6:45:40 AM PDT by b4its2late (John John Kerry Edwards change positions more often than a Nevada prostitute!!!)
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To: Grampa Dave

Are you next door to him? If so, put a sign up with an arrow pointing to his house saying "Look what the Bush economy has done to this poor man.... I think he has two or three kitchens... so he doesn't know where his next meal is coming from"


141 posted on 09/03/2004 6:46:30 AM PDT by CurlyBill (John Kerry is PeeWee Herman in a Frankenstein costume)
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To: RWR8189

According to the dims, those figures DO NOT COUNT! dims cannot have it BOTH ways!

LLS


142 posted on 09/03/2004 6:47:35 AM PDT by LibLieSlayer (Continued Job creation will not matter, if kerry "Outsources" our National Defense!)
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To: RWR8189

CNNFN actually has a positive headline:

http://money.cnn.com/2004/09/03/news/economy/jobless_august/index.htm
Unemployment rate drops

Job growth rebounded in month of August as nation's unemployment rate dipped to 5.4 percent.
September 3, 2004: 9:31 AM EDT

NEW YORK (CNN/Money) - Job growth rebounded in August and the unemployment rate dropped unexpectedly, the government reported Friday.


143 posted on 09/03/2004 6:47:58 AM PDT by finnman69 (cum puella incedit minore medio corpore sub quo manifestus globus, inflammare animos)
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To: All

144 posted on 09/03/2004 6:48:10 AM PDT by finnman69 (cum puella incedit minore medio corpore sub quo manifestus globus, inflammare animos)
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To: MJY1288

Isn't 5.4 lower then Clinton's numbers?


145 posted on 09/03/2004 6:49:39 AM PDT by Mo1 (FR NEWS ALERT .... John Kerry over dosed on Botox and thinks he's Bob KerrEy)
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To: RWR8189
Re #1

So It broke the number 100K, which will be interpreted as a good news. Well, things do not look good for Dems.

146 posted on 09/03/2004 6:49:58 AM PDT by TigerLikesRooster
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To: RWR8189

don't forget this is the jobs report that is affected by the Florida huricanne.

Of course if those protesters at New York would go get a job everything would be fine


147 posted on 09/03/2004 6:54:35 AM PDT by Dr Snide (vis pacem, para bellum - Prepare for war if you want peace)
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To: RWR8189
John Kerry is deeply troubled.


148 posted on 09/03/2004 6:55:40 AM PDT by Choose Ye This Day (Kerry sees two Americas. America sees two John Kerrys. It's mutual.)
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To: TheyConvictedOglethorpe

How do you miss 36,000 jobs?

If I remember right New Mexico accidently counted all the teachers on summer vacation as "unemployed" which greatly increased their numbers last week


149 posted on 09/03/2004 6:56:12 AM PDT by Dr Snide (vis pacem, para bellum - Prepare for war if you want peace)
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To: xzins

You wrote:

"and the Pres inherited a recession, the Clinton stock bubble bursting, the investing scandal, 9/11 attack on the world financial center, the 9/11 demise of the airline industry, and a war. "

You are SO wrong.
He also inherited the markets' reaction to Gore trying to sue his way into the White House, SARS, the Malvo sniper attacks, the anthrax attacks, the collapse of the dot-com bubble, a world-wide economic slowdown (see France & Germany), big league financial scandals at Enron, Arthur
Anderson, Tyco, Global Crossing (to name a few), and had
to face the headwinds of mid-$40's per barrel oil and a
concerted effort by major US-based companies to send
large numbers of jobs to third-world countries.

[Paul Krugman should be forced to watch endless re-runs of
Kewwy campaign speeches, similar to the main character in
_A Clockwork Orange_]


150 posted on 09/03/2004 6:56:28 AM PDT by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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