Skip to comments.August Employment Report: Unemployment- 9.6%, Minus 54,000 jobs.
Posted on 09/03/2010 5:37:58 AM PDT by Red in Blue PA
Per CNBC TV.
(Excerpt) Read more at cnbc.com ...
Sumer of Recovery! /heavy s
Personally, I believe this is all Bravo Sierra. How can so many be losing their jobs each week and the unemployment rate stays at 9.6%?
Don’t believe it for a second.
Sumer = Summer
But was it Unexpected?
This will be spun as positive by the MSM.
To bad it isn’t the Sumter of love....
...but just think how much worse it would be without Obama!
Aren’t these revisions getting really squirrely? There’s something really hinky about these numbers.
Stock futures are through the roof and climbing...
Waiting for the media spin but only when a democrat is president is losing jobs good news..
It was 9.5, wasn’t it? It did get worse.
That would be the November 2 rally. Anticipating a cleanup in Congress.
It didn’t stay at 9.6%. It was 9.5%.
“But was it Unexpected?”
I got a 40oz on stand-by, waiting for a consensus.
Actually yes, I shopuld have clarified.....I had thought it would go up more than expected.
An increase of just .1% when the numbers are close to 500,000 each week makes no sense to me. I never trusted govt less than I do now.
Folks....at least 2010 is the as bad as 2004...after all, THAT was the WORST economy since the great depression...
Time for the CNBC charlatan drinking game...
Take a sip if an on-air personality says
1) Unemployment is a lagging indicator
2) This just means that discouraged workers are rejoining the labor force
3) better than expected
2 sips if...
1) Republicans are holding up job creation
2) corporate E/S are up and hiring will soon follow
3 sips if...
1) No double dip
whole bottle if...
1) Entire Obama economic team needs to be fired.
Doing their part.....The CNBC cheerleaders are currently performing.
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