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Nonfarm payroll employment falls 95,000 (Unemployment rate unchanged at 9.6%)
Bureau of Labor Statistics ^

Posted on 10/08/2010 5:44:19 AM PDT by quesney

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To: quesney

I posted a few weeks ago that non-census government layoffs were going to be a big negative employment factor for the foreseeable future. My state and local government have announced brutal cuts, but haven’t performed them yet. More civil servants are in the pipeline.


41 posted on 10/08/2010 6:22:01 AM PDT by qwertypie
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To: quesney

I posted a few weeks ago that non-census government layoffs were going to be a big negative employment factor for the foreseeable future. My state and local government have announced brutal cuts, but haven’t performed them yet. More civil servants are in the pipeline.


42 posted on 10/08/2010 6:22:01 AM PDT by qwertypie
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To: quesney
another STIMULUS and we could bump the U1 rate up to 11% and the U6 to 22%.

Happy Daze are just a stimuli away.

43 posted on 10/08/2010 6:22:09 AM PDT by evad (SHUT IT DOWN!!!)
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To: ChurtleDawg
jobs data is quite confusing. what is “seasonal adjustment” anyway?

Remember high school chem lab? Same deal. The technical term is "fudge factor".

44 posted on 10/08/2010 6:26:25 AM PDT by Zeddicus
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To: Owl_Eagle

Thanks.

If you’ve been here, you know how it feels.


45 posted on 10/08/2010 6:26:47 AM PDT by benewton
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To: ClearCase_guy
We could lose 2 million jobs next month and the unemployment rate would be unchanged at 9.6%.

Yup. Here are two alternate measures.

Gallup:


Shadowstats:

46 posted on 10/08/2010 6:31:47 AM PDT by algernonpj (He who pays the piper . . .)
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To: quesney

U-6 unemployment measure jumps from 16.7% to 17.1%


47 posted on 10/08/2010 6:32:04 AM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: benewton
Blog Reaction Roundup....
48 posted on 10/08/2010 6:32:58 AM PDT by Jay777 (My personal blog: www.stoptheaclu.com)
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To: algernonpj

It should be pointed out that the Gallup numbers are not seasonally adjusted.


49 posted on 10/08/2010 6:33:26 AM PDT by garbanzo (Government is not the solution to our problems. Government is the problem.)
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To: ClearCase_guy

You are correct and you beat me in making the same statement.


50 posted on 10/08/2010 6:34:10 AM PDT by tnwalker
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To: quesney
As I stated last week, there was absolutely no way the Obama labor dept was going to release a true picture of the situation on the very last jobs report before the election.

The only good democrat, is a former Democrat!

51 posted on 10/08/2010 6:36:14 AM PDT by Friendofgeorge (Sarah Palin or Bust)
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To: quesney

Shouldn’t this be called great news? The private economy added 64K jobs - the loss was from shedding 159K GOVERNMENT jobs.


52 posted on 10/08/2010 6:37:01 AM PDT by worst-case scenario (Striving to reach the light)
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To: quesney

What is that odor? B.O.?


53 posted on 10/08/2010 6:37:26 AM PDT by SoFloFreeper
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To: garbanzo

Private sector jobs went up 64K - perhaps they aren’t covered by ADP payroll. (We certainly aren’t.)


54 posted on 10/08/2010 6:38:22 AM PDT by worst-case scenario (Striving to reach the light)
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To: ClearCase_guy

We did lose 1.8 million jobs last month and the rate didn’t budge.

New weekly unemployment claims have been reported weekly as 450,000 and change for months. That is a rate approaching 2 million actual, that is real, lost jobs per month.


55 posted on 10/08/2010 6:38:35 AM PDT by bert (K.E. N.P. N.C. +12 ..... Greetings Jacques. The revolution is coming)
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To: Friendofgeorge
Not 6ft under as previously reported
56 posted on 10/08/2010 6:39:07 AM PDT by Friendofgeorge (Sarah Palin or Bust)
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To: quesney

What’s going to be the Obama admin spin on this one?


57 posted on 10/08/2010 6:39:11 AM PDT by St. Louis Conservative
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To: quesney

These numbers are obviously faked.

Unemployment is ~20.0%, not the lie of 9.6%.


58 posted on 10/08/2010 6:41:51 AM PDT by LowTaxesEqualProsperity
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To: quesney

Not to sound like one of the tinfoil hat brigade, but it doesn’t surprise me that they didn’t put out the “real” numbers. I was discussing this elsewhere and I stated that if the unemployment percentage went up to 10 percent, the Dems were screwed even WORSE than they are now.


59 posted on 10/08/2010 6:43:19 AM PDT by OCCASparky (Obama--Playing a West Wing fantasy in a '24' world.)
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To: New Jersey Realist
If nobody’s working, then why do we still have rush hour traffic jams?

Because of unnecessary construction projects. They're all day traffic jams now.

60 posted on 10/08/2010 6:43:42 AM PDT by WhistlingPastTheGraveyard (Some men just want to watch the world burn.)
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