Skip to comments.144,000 Jobs Created in August (UE Rate Down at 5.4%)
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%
Details to come...
Dashole will be deeply saddened.
That was fast.
But Kerry served in vietnam
The number of new jobs is not a good as they could have been. But the lower UE number more than offsets that.
What a relief this must be for the Bush campaign to see that the numbers are good. This will give the President an added boost coming out of the convention.
Calling John Kerry...calling John Kerry...must still be asleep...
June revised up to 96k
July to revised up to 73k.
Fox reporting on it now.
Did I just hear CNN fn call this "lackluster?"
I would tout the low UE figure, BIG TIME.
I'm about to sign off for awhile so I can get gussied up to go see our President here in Milwaukee.
FOUR MORE YEARS!!! FOUR MORE YEARS!!!! FOUR MORE YEARS!!!!
Not earthshaking, but good, VERY GOOD!
there was a rumor of that going around. Hopefully he will mention it at some point.
This is a killer for the sKerry campaign.
Isn't that lower than Clinton's UE in '96?
Thank goodness. This is rock-solid. Not too great so that the markets might overreact on interest rates. Not too small that it makes everyone concerned everything is slowing down.
I think the Household numbers are down 152k, but this table always confuses me.
Wonderful news for all -- including the liberals.</sarcasm off
But what about Dingell-Norwood? :^)
They're both positive numbers IMHO. Certainly not the huge problem that sKerry claims.
5.4% is rock solid good.
Market shot up immediately.
Really good news. Better than I expected. This will just help Bush build on his momentum. Unless Bush makes a major gaff or some big event that goes against him, I think it is just about over for Kerry.
"little changed" is what one report said - 5.4% is LESS than 5.5% and is a great number...one of the lowest in modern times.
President Bush's 1st term unemployment rate is NOW LOWER than was Clinton's in Clinton's FIRST TERM -- 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.
I'd say that this is MIRACULOUS! I mean -- LOWER than Clinton's. It's amazing.
Tis good news.
Now if this could only come to new york
Economists expected 150,000 new jobs, 5.5% unemployment.
Good enough. 4 more here we come.
"144,000 Jobs Created in August"
Yes, but FOX had an analyist on that said the economists were expecting 150,000 jobs to be added.
Another Bush failure.
My first advice, tongue in cheek, would be for the Bush Campaign to dump the backstabbing McVain pronto.
Now we're talking.
It's Bush's fault!
Plus Bush's UE is now .2 lower than Clinton's
LOL! Did you see where some freepers who watched Kerry last night are speculating he was drunk?
The household survey had the number of employed up 21,000 and the number of unemployed down 174,000. The difference was a decline of 152,000 in the civilian labor force, which wasn't surprising after the last two months showed the labor force increasing by 882,000.
Look at the Rasmussen Report Investor/Customer Index numbers. They're updated everyday at 8 AM. The numbers are up HUGH--if they're up that usually means Bush's numbers will be up. Bush has a good chance of breaking 50% in today's Rasmussen poll.
Not that that means much by itself, but IMHO it signals the start of a possible Bush avanlache from which Kerry will never recover.
While Kerry talks about the "squeeze," the Consumer Price Index drops while avg hourly earnings are up.
-0.1% in Jul 2004
5.4% in Aug 2004
+144,000(p) in Aug 2004
Average Hourly Earnings:
+$0.05(p) in Aug 2004
+0.1%(p) in Jul 2004
+0.9% in 2nd Qtr of 2004
+2.5% in 2nd Qtr of 2004
U.S. Import Price Index:
+0.2% in Jul 2004
THESE AREN'T MCJOBS EITHER
Within the service-providing sector, health care and social assistance
continued to add jobs, with an increase of 42,000 in August. Over the year,
employment in this industry has risen by 307,000. In August, employment rose in
ambulatory health care services (+11,000), which includes doctors' offices and
home health care services, and in hospitals (+8,000). Social assistance added
20,000 jobs, following no net change over the prior 3 months.
Employment in financial activities increased by 18,000 in August, more than
offsetting an employment decline in July. Rental and leasing services added
7,000 jobs over the month, and securities, commodity contracts, and investments
added 4,000. Over the year, securities employment has increased by 32,000.
Professional and technical services added 22,000 jobs over the month.
Within this industry, employment rose in computer systems design and related
services (+9,000); over the year, computer systems design has added 36,000
jobs. Employment in temporary help services was little changed in August for
the third consecutive month.
Within the information industry, employment continued to trend down in
telecommunications. Since its most recent peak in March 2001, the tele-
communications industry has lost 293,000 jobs, or 22 percent of its employ-
In the goods-producing sector, employment in manufacturing edged up (+22,000)
in August. Employment in transportation equipment rebounded (+28,000) from a
loss in the previous month, but this increase mostly reflected auto workers re-
turning to work from the larger-than-usual annual retooling shutdowns in July.
Since January, manufacturing has added 107,000 jobs, due to growth in its dur-
able goods component. Construction employment edged up in August, following 2
months of little change.
This is bad news -- for the Rats.
22,000 of the jobs were manufacturing!
Interesting. Twice the previous number. How do you miss 36,000 jobs?
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