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Thread: August Jobs Report: 96,000

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    August Jobs Report: 96,000

    Payrolls in U.S. Increased Less Than Forecast in August - Bloomberg

    Payrolls rose less than projected in August and the unemployment rate was unexpectedly driven down by Americans leaving the labor force, boosting the odds of additional Federal Reserve easing to spur a faltering recovery.
    The economy added 96,000 workers last month following a revised 141,000 increase in July that was smaller than initially estimated, Labor Department figures showed today in Washington. The median estimate of 92 economists surveyed by Bloomberg called for a gain of 130,000. Unemployment fell to 8.1 percent, and hourly earnings were unchanged.
    96,000 net, about half of what's needed simply to keep up with population growth

    368,000 dropped out

    participation rate 63.5%, lowest since 1981, down from 63.7

    male participation lowest since 1948

    manufacturing net -15,000, worst in 2 years

    auto -7500

    hourly earnings unchanged---58% of all jobs created during the "recovery" earn between 10 and 12 dollars per hour

    june and july, already weak, revised down an additional 41,000

    last nite president punt pleads for patience

    this morning---"headwinds"

    no spin, lynn

    seeya at the polls, paula

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    Re: August Jobs Report: 96,000

    More good news for folks on the freeway.

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    Re: August Jobs Report: 96,000

    So let us see, the fix obama made a few years back is still helping to create jobs? That is what you are saying.

    So instead of sticking with the choice that is actually helping to create jobs and recover our economy you want people to switch to a guy who wants to go back to The economic policies that gave us the crash of 2008, and the recession of the 80's? You want us to go with a guy who wants to increase pentagon spending by 2 billion, cut taxes for the rich by a lot of money, and claims he will cover all that by closing a couple of loopholes in the tax code he won't mention? He wants to cut grants for new businesses, and funding for development of new ideas and products. He wants to get rid of our teachers, cops, and firemen.

    Perhaps there is a better plan for making the economy grow faster. it certainly is not going back to the way that caused it to fail. Mitt has offered no explanation as to how he will actually make things better, and i doubt that he even has thought about it. he has one purpose, to make things better for him and his rich friends. That is what he has done at bain, and he is running on that record. Slow growth is better than collapse. Find us someone who has an actual plan that he can tell us about which has a chance of working, and then we have a debate. Until then Obama's way is working better than the way used by the last president. There is no reason to return to GWB's plan which failed us and will return us to staggering job losses. As Clinton put it the score is Obama 4.5 million to republican's 0. I will go with the winner there.

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    Re: August Jobs Report: 96,000

    Let me begin by saying I'm not a firm Romney or Obama supporter, that being said

    Quote Originally Posted by tererun View Post
    and claims he will cover all that by closing a couple of loopholes in the tax code he won't mention? He wants to cut grants for new businesses, and funding for development of new ideas and products.
    C'mon, seriously? Romney wants to cut programs that everyone (even liberal analysts) say are not doing the tasks they are supposed to do with well over the money they were supposed to do it in.

    Quote Originally Posted by tererun View Post
    He wants to get rid of our teachers, cops, and firemen
    Really? You went there? You know this to not be true, you're being incredibly hyperbolic which basically negates your points as having any validity.

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    Re: August Jobs Report: 96,000

    Quote Originally Posted by The Prof View Post
    Payrolls in U.S. Increased Less Than Forecast in August - Bloomberg



    96,000 net, about half of what's needed simply to keep up with population growth

    368,000 dropped out

    participation rate 63.5%, lowest since 1981, down from 63.7

    male participation lowest since 1948

    manufacturing net -15,000, worst in 2 years

    auto -7500

    hourly earnings unchanged---58% of all jobs created during the "recovery" earn between 10 and 12 dollars per hour

    june and july, already weak, revised down an additional 41,000

    last nite president punt pleads for patience

    this morning---"headwinds"

    no spin, lynn

    seeya at the polls, paula
    Unemployment falls to 8.1% in August.... it is approaching that "Magic" number of 8%.... Voters are not going to care why, if it drops under 8%....

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    Re: August Jobs Report: 96,000

    Quote Originally Posted by avusbluem5 View Post
    Unemployment falls to 8.1% in August.... it is approaching that "Magic" number of 8%.... Voters are not going to care why, if it drops under 8%....
    Unfortunately the chronically unemployed might . At this point they probably feel disenfranchised though .

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    Re: August Jobs Report: 96,000

    Quote Originally Posted by avusbluem5 View Post
    Unemployment falls to 8.1% in August.... it is approaching that "Magic" number of 8%.... Voters are not going to care why, if it drops under 8%....
    Unemployment is nowhere NEAR 8%. The only reason the numbers show 'improvement' is another 400,000 people have been out of work for so long they are no longer eligible for any type of benefits.

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    Re: August Jobs Report: 96,000

    Quote Originally Posted by avusbluem5 View Post
    Unemployment falls to 8.1% in August.... it is approaching that "Magic" number of 8%.... Voters are not going to care why, if it drops under 8%....
    Wow,just wow.....
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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    Re: August Jobs Report: 96,000

    Quote Originally Posted by Strucky View Post
    Wow,just wow.....
    I know, rite? Pretty amazing.

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    Re: August Jobs Report: 96,000

    Quote Originally Posted by avusbluem5 View Post
    I know, rite? Pretty amazing.
    Yes,the willful ignorance is mind boggling
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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