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...
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?
'But, but, but....(sputter...)they're all POOPY jobs...'
Well even the public-schooled/unskilled/dumb-a** liberal poopys gotta work somewhere...
No jobs. Economy sucks! Rich people tax cuts!
"LOL! Did you see where some freepers who watched Kerry last night are speculating he was drunk?"
Actually I thought his face was drooping - especially his eyes.
Loos like he got some new Botox and got a little too much juice.
Don't forget about all the Homework Passes he received either ? Is the DNC going to look into that ?
Average Unemployment rate since Jan 1948 - 5.64%
Current Unemplyment Rate - 5.40%
More good news for Kerry. :)
Trade sports is reacting favorably. They are buying Bush on this news. The bid jumped +.5 on the news for 1000. No real sellers
Not unusual at all. The number is based on a survey of employers, and they don't all get their responses in on time. This month's +59,000 was about average for the net revision.
You have partisan Democrats in the agencies that track and interpret the numbers ?