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Thread: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by DA60 View Post
    Additionally, this from the (imo) excellent Silexx Market Preview:

    'However, there is more bad news. The previous month's low of 163,000 jobs created was revised lower to 141,000 and the report two months ago that reflected a horrible 65,000 jobs created was also revised lower to only 45,000 jobs created.'

    (You have to subscribe to it to read it, I believe)


    So even the not-so-good news from last month and the bad news from the one before it - now turn out to be worse.


    QE3 IS coming, count on it.

    If you own precious metals and/or commodities...do NOT sell them now (imo).

    Just to emphasize my point - both gold and silver are up over 2% already today.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Grim17 View Post
    I wouldn't call the numbers from August "fair", as they are still 30k short of keeping up with population growth.
    Sure beats 820,000 jobs lost though, doesn't it?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    What is amazingly pathetic is that when you listen to the basic news reports, especially on raido, they highlight on

    - "96 K jobs created. Not great, but positive".

    - Unemployment fell from 8.3 to 8.1

    Many will not say that the economy needs about 130K just to absorb population growth, or that the anomaly of the decrease is actully due to 368 K being eliminated from the count of those seeking work. aka "Obama jobs" ..... "poof".

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Eighty Deuce View Post
    What is amazingly pathetic is that when you listen to the basic news reports, especially on raido, they highlight on

    - "96 K jobs created. Not great, but positive".

    - Unemployment fell from 8.3 to 8.1

    Many will not say that the economy needs about 130K just to absorb population growth, or that the anomaly of the decrease is actully due to 368 K being eliminated from the count of those seeking work. aka "Obama jobs" ..... "poof".
    Anyone who thinks this is a good jobs report is either a macro-economic ignoramus and/or has a personal stake in spinning the report to sound better then it is.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Deuce View Post
    Sure beats 820,000 jobs lost though, doesn't it?
    Okaaaaaaay.

    That's like saying after you cut your finger 'sure beats cancer'.

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Eighty Deuce View Post
    And something like 368,000 folks dropped out of the labor force.
    GOP Congress: "We built that!"

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Grim17 View Post
    I wouldn't call the numbers from August "fair", as they are still 30k short of keeping up with population growth.
    GOP Congress: "We Built That." (and blame it on Obama)

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    While the unemployment rate dropped to 8.1 percent from 8.3 percent in July, that was because so many Americans gave up the hunt for work. The survey of households from which the jobless rate is derived actually showed a drop in employment.
    Yes, the survery -- the bare tip of the tip of the iceberg.

    The gigantic mass of silent desperation underneath, the true un- and under- employment rate around 15%, still continues as the deadweight that could drag us down into a depression any "yes it can" day.

    And because the count of Americans who gave up looking is only about 60% of the actual, the actual who simply disappear into homeless transientness where they can no longer be reached by phone for the survery, the real problem is, oh yes, most definitely larger than 15%.

    All political candidate pandering aside, until out-sourcing to wage-slaves abroad and in-sourcing of illegals is actually addressed in Washington, you have to be smoking something to think we're going to be getting our jobs back any time soon.

    And yes, that 130,000/month jobs increase we need merely to keep up with the increase in new people over those dying/retiring, even that isn't happening.

    I wonder how long it will be before the whole of Americans wake up to realize that as long as American politicians keep idealizing the "global economy", the "global economy" which is merely a sugar-coated euphemism for wage-slave workers in a borderless countryless world, there is simply no hope for the return of the once-valued American standard of living, as we instead continue to trade our jobs to third-worlders for their abject poverty import to America.

    Whenever I hear a politician, a candidate, any government official say something "nice" about the "global economy" or that we must strive to "compete" in it and the like ..

    .. I know that's someone who will never get my vote ..

    .. For however long the "global economy" allows Americans to continue voting.
    You don't trust Trump? Well, there's only one way to leverage him to do what's economically right for us all: Powerful American Political Alliance. Got courage?! .. and a mere $5.00?

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by http://www.businessweek.com/articles/2012-09-07/weak-jobs-report-shows-obamas-long-road-ahead
    The share of working-age people who are either working or looking for work—known as the labor-force participation rate—fell to its lowest level since September 1981.
    On the good side, at least we got one more statistic that points to the 1980s

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    re: US economy adds 96K jobs, rate falls to 8.1 pct. [W:123]

    Quote Originally Posted by Ontologuy View Post
    ....... I wonder how long it will be before the whole of Americans wake up to realize that as long as American politicians keep idealizing the "global economy", the "global economy" which is merely a sugar-coated euphemism for wage-slave workers in a borderless countryless world, there is simply no hope for the return of the once-valued American standard of living, as we instead continue to trade our jobs to third-worlders for their abject poverty import to America ..............
    That is the painful truth right there, and it will take us a considerable time to reconfigure to get a manufacturing base back.

    However, as Romney has pointed out, there is one absolute place to start. Basic, cost efficient Energy. The old-fashioned kind. His call is for first a North American energy independence (Canada, US, Mexico), and then more a US independence. There absolutely is a demand. It absolutely will be consumed. One need look no further than North Dakota right now. 2.9% unemployment. And more conversions from coal/oil to gas.

    But your post is spot-on regardless.

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