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?
U6=16.7%
Ticked up.
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...
pure sarc//
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.
Guys, I really think something screwy is going on here...
Your PPT in action
Sure they are! Consistent BS!
A lot of people are not picking up on this number or understanding its significance. I know it took me a while.
This country is bleeding jobs and all D.C. can think to do is spend, spend, spend with a steadily deteriorating taxable base.
They hid that pretty well in the article didn’t they.
Only someone (like us) that follows this pretty closely would know that it actually went up from 9.5%
What are the average weekly numbers during 5% unemployment?
Just curious...
4.3% unemployment when Bush was President = worst economy is the great depression.
~10% unemployment when Obama is President = summer of recovery.
Obama is giving us enough real bad news, we don't need to invent any fictitious bad news to go along with it.
I don’t know yet...Still reading about this subject now that the proverbial blinders have been removed. LOTS to catch up on.
I get that; still does not deter that we are bleeding jobs.
good explanation
thanks for posting
I think you’re misunderstanding the numbers. The 500k (approx) number is new unemployment claims, but there’s also a similar number of new hires every week, it’s not that another net 500k are jobless each week. This number today is that net monthly number, which actually was not that bad. When you net out the census workers, private payrolls rose 67 k in the month, and last month was revised better too.
People keep falling off the rolls..they are still unemployed but not counted
It Bushes fault.. dont you know?
“similar number of new hires every week” to 500,000????
Tell me you are kidding.
The problem is many of those “created” jobs go to illegal workers and not citizens.
At some point the tax revenue collected by the feds and states will drop to the point where their ineptness will dawn on them ..I HOPE
“...but just think how much worse it would be without Obama!”
***
Like under George Bush, when the rate was 8%. :)
Of course I’m not kidding. The monthly number is that a net 54k fewer people were employed this month than were last month. That’s rather different from two million, if it were 500k a week with no compensation on the hiring side. Then if you net out the Census workers who were fired last month, Private sector hiring has risen by 174k in the past two months combined. These are real stats, no one is in the tank for anyone, if they were they wouldn’t look as ugly as they do.
Of course I’m not kidding. The monthly number is that a net 54k fewer people were employed this month than were last month. That’s rather different from two million, if it were 500k a week with no compensation on the hiring side. Then if you net out the Census workers who were fired last month, Private sector hiring has risen by 174k in the past two months combined. These are real stats, no one is in the tank for anyone, if they were they wouldn’t look as ugly as they do.
Summer of Obummer...
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