Posted on 10/06/2010 5:48:21 AM PDT by Need4Truth
Really? Do you know that from an independent source? Because I read that as saying things were revised to the good. Reading it again, I see that it doesn’t make any sense at all or, if it is as you say, it’s very bad.
There is a lot riding on Friday’s unemployment number. With more people coming back into the labor force and the continued cut backs in the private and public sectors, the consensus is for the unemployment rate to increase from 9.6% to 9.7%.
If the number should unexpectedly fall to 9.5%, the cheering from the MSM will be deafening for the next 30 days — as if 9.5% is full employment.
TOTALLY UNEXPECTED !
Just helping you out! ;-)
That’s a 59,000 spread between what was expected and what was a reality.
Maybe Joe Biden will think this was an unemploymnet drop and open his rather large mouth again.
Ain’t that a bitch?
>>>>>>>>>>>>>>>>>>>>
Sure is. And the last report before Nov. 2. Yep, it’s a bitch.
“This is nothing”....???
If the recession has been long over, as reported by the Obama administration, and we are still not growing the employment base, this is not “nothing”.
It is a very serious patterned of sustained unemployment stagnation if not further contraction.
Sorry, but this is a very serious trend and we are charting new territories under Obama’s economic polices that appear to be very frightening for millions of working Americans.
There is not one democrat elected politician that is for anything good like deporting illegals or abolishing a government agency.
All democrats are Marxists/socialists.
All democrat Senators voted for government healthcare.
The news reporters are democrat activists not reporters. They are propagandists for the democrat party and for socialism.
The democrat party has to be destroyed.
27 days. Can't wait.
To use an aircraft analogy, the economy is in a deep stall, wings generating no lift, falling out of the sky...and O’dumbass and his crew keep cutting the power and hauling back on the stick harder and harder, wondering why that’s not making the plane fly.
}:-)4
Yes, that would be great. But the way they write these articles, that’s what they want Joe 6 pack to think.
Where is that quote from? The article says, In August, companies added a revised 10,000 jobs, up from the initial estimate of a drop of 10,000
. Clearly, it's reporting an increase, not a decrease. A revision of +20,000.
I have always thought the reason stocks go up on higher unemployment, is that it is better for the bottom line of companies.
Bad news for American workers is good news for WS.
But this situation is differrent. The layoffs this time are due to the overall health of the companies. BIG DIFFERRENCE. And the idiots on WS are listening to SOROS telling them Deficits are good. Neither Wahington OR WS is listening to the American People. ENOUGH IS ENOUGH.
slow recovery?
>>Read this carefully, it means that the August jobs lost were revised by 20,000.<<
And that has happened every month. It’s a way to keep it out of the news.
GW would not/could not do this because 95% of Washington employees are Democrat. I believe Michael Barone said that a number of years ago.
How much you want to bet the Unemployment Rate drops to 9.3% and 200,000 net new jobs are created on Friday.
The last Unemployment Report will not be original issued as a bad one. The revisions after the election will give us the more accurate numbers.
Since the ADP is usually a good indicator of the direction of the job market an accurate one would have 0 private sector growth and loss of a few thousand jobs and Unemployment Rate at 9.7 or 9.8%
Anything significantly better is cooking the books!
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