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August Employment Report: Unemployment- 9.6%, Minus 54,000 jobs.
http://www.cnbc.com/ ^

Posted on 09/03/2010 5:37:58 AM PDT by Red in Blue PA

Per CNBC TV.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy
KEYWORDS: bhoeconomy; jobless; obama; obummer; recovery; summer; unemployment

1 posted on 09/03/2010 5:38:03 AM PDT by Red in Blue PA
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To: Red in Blue PA

Sumer of Recovery! /heavy s


2 posted on 09/03/2010 5:39:03 AM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Red in Blue PA

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.


3 posted on 09/03/2010 5:39:09 AM PDT by Red in Blue PA (Anti-Gunners suffer from Factose Intolerance)
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To: Bushbacker1

Sumer = Summer


4 posted on 09/03/2010 5:39:31 AM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Red in Blue PA

But was it Unexpected?


5 posted on 09/03/2010 5:40:27 AM PDT by ozark hilljilly (Had enough, yet?)
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To: Red in Blue PA

U6=16.7%

Ticked up.


6 posted on 09/03/2010 5:41:04 AM PDT by Red in Blue PA (Anti-Gunners suffer from Factose Intolerance)
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To: Red in Blue PA

This will be spun as positive by the MSM.


7 posted on 09/03/2010 5:42:17 AM PDT by Rational Thought
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To: Red in Blue PA

To bad it isn’t the Sumter of love....


8 posted on 09/03/2010 5:42:30 AM PDT by central_va (I won't be reconstructed, and I do not give a damn.)
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To: Red in Blue PA

...but just think how much worse it would be without Obama!


9 posted on 09/03/2010 5:43:02 AM PDT by massmike (...So this is what happens when OJ's jury elects the president....)
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To: Red in Blue PA

Aren’t these revisions getting really squirrely? There’s something really hinky about these numbers.


10 posted on 09/03/2010 5:43:09 AM PDT by mewzilla (Still voteless in NY-29. Over 400 roll call votes missed and counting...)
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To: Red in Blue PA

Stock futures are through the roof and climbing...


11 posted on 09/03/2010 5:43:51 AM PDT by The Magical Mischief Tour
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To: All

Waiting for the media spin but only when a democrat is president is losing jobs good news..


12 posted on 09/03/2010 5:44:23 AM PDT by newnhdad (The longest of journeys begins with one step.)
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To: Red in Blue PA

It was 9.5, wasn’t it? It did get worse.


13 posted on 09/03/2010 5:44:30 AM PDT by DadOfFive ("Miss me yet?")
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To: The Magical Mischief Tour

That would be the November 2 rally. Anticipating a cleanup in Congress.


14 posted on 09/03/2010 5:45:09 AM PDT by Chaguito
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To: Red in Blue PA

It didn’t stay at 9.6%. It was 9.5%.


15 posted on 09/03/2010 5:45:34 AM PDT by 101voodoo
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To: ozark hilljilly

“But was it Unexpected?”

I got a 40oz on stand-by, waiting for a consensus.


16 posted on 09/03/2010 5:45:45 AM PDT by VanDeKoik (Iran doesnt have a 2nd admendment. Ya see how that turned out?)
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To: DadOfFive

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.


17 posted on 09/03/2010 5:45:49 AM PDT by Red in Blue PA (Anti-Gunners suffer from Factose Intolerance)
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To: Red in Blue PA

Folks....at least 2010 is the as bad as 2004...after all, THAT was the WORST economy since the great depression...

pure sarc//


18 posted on 09/03/2010 5:48:00 AM PDT by Le Chien Rouge
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To: Red in Blue PA

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.


19 posted on 09/03/2010 5:48:03 AM PDT by garbanzo (Government is not the solution to our problems. Government is the problem.)
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To: newnhdad

Doing their part.....The CNBC cheerleaders are currently performing.


20 posted on 09/03/2010 5:48:16 AM PDT by Rational Thought
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To: Red in Blue PA
Employment Situation Summary Transmission of material in this release is embargoed USDL-10-1212 until 8:30 a.m. (EDT) Friday, September 3, 2010

Guys, I really think something screwy is going on here...

21 posted on 09/03/2010 5:48:27 AM PDT by mewzilla (Still voteless in NY-29. Over 400 roll call votes missed and counting...)
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To: The Magical Mischief Tour

Your PPT in action


22 posted on 09/03/2010 5:48:30 AM PDT by 101voodoo
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To: Bushbacker1
And right on queue, Dumbo is floating idea of Stimulus 2. The Democrats are done for November. I guess the meme we had with Clinton is, “Well at least he is doing something”. That model is not working, people are not buying effort, just results, and Boy Wonder gets a solid “F” grade. Sorry Obama epic fail. And for you DU lurkers, yes we are willing to accept and encourage bad news on the economy if it means preserving our country, we are willing to starve you into submission. The whole thing is imploding right around your smug over-educated heads. Come on 10% let's do it! The more Union workers and drones out of work and scrounging around the better. Next time you won't be such covetous lazy pieces of human debris and delight in stealing the work and treasure of others now will ya.
23 posted on 09/03/2010 5:48:33 AM PDT by pburgh01
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To: Red in Blue PA
Because they play a shell game with the numbers, duh.
Seriously, they are not consistent in their math.
24 posted on 09/03/2010 5:50:08 AM PDT by DadOfFive ("Miss me yet?")
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To: DadOfFive
Seriously, they are not consistent in their math.

Sure they are! Consistent BS!

25 posted on 09/03/2010 5:53:40 AM PDT by Bushbacker1 (I miss President Bush greatly! Palin in 2012! 2012 - The End Of An Error! (Oathkeeper))
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To: Red in Blue PA
... when the numbers are close to 500,000 each week...

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.

26 posted on 09/03/2010 5:55:33 AM PDT by Michael Barnes (Call me when the bullets start flying.)
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To: 101voodoo

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%


27 posted on 09/03/2010 6:03:33 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: Michael Barnes

What are the average weekly numbers during 5% unemployment?

Just curious...


28 posted on 09/03/2010 6:04:57 AM PDT by TSgt (And the war came.)
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To: Le Chien Rouge
exactly.

4.3% unemployment when Bush was President = worst economy is the great depression.

~10% unemployment when Obama is President = summer of recovery.

29 posted on 09/03/2010 6:05:13 AM PDT by TexasFreeper2009 (Obama = Epic Fail)
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To: Michael Barnes
Keep in mind the ~500,000 in job losses each week has to be matched up with the creation of jobs, which is almost as high. It's the difference between the two that yields this 54,000 number. Too many people treat the weekly job losses report as if there were zero jobs being created on the other side.

Obama is giving us enough real bad news, we don't need to invent any fictitious bad news to go along with it.

30 posted on 09/03/2010 6:06:54 AM PDT by Liberty1970 (http://www.caringbridge.org/visit/lydiablievernicht)
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To: TSgt

I don’t know yet...Still reading about this subject now that the proverbial blinders have been removed. LOTS to catch up on.


31 posted on 09/03/2010 6:07:14 AM PDT by Michael Barnes (Call me when the bullets start flying.)
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To: Liberty1970

I get that; still does not deter that we are bleeding jobs.


32 posted on 09/03/2010 6:08:34 AM PDT by Michael Barnes (Call me when the bullets start flying.)
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To: Liberty1970

good explanation
thanks for posting


33 posted on 09/03/2010 6:08:38 AM PDT by nascarnation
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To: Red in Blue PA

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.


34 posted on 09/03/2010 6:15:12 AM PDT by babble-on
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To: Red in Blue PA

People keep falling off the rolls..they are still unemployed but not counted


35 posted on 09/03/2010 6:17:10 AM PDT by RnMomof7
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To: newnhdad

It Bushes fault.. dont you know?


36 posted on 09/03/2010 6:18:09 AM PDT by RnMomof7
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To: babble-on

“similar number of new hires every week” to 500,000????

Tell me you are kidding.


37 posted on 09/03/2010 6:20:53 AM PDT by Red in Blue PA (Anti-Gunners suffer from Factose Intolerance)
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To: Liberty1970

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


38 posted on 09/03/2010 6:25:16 AM PDT by RnMomof7
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To: massmike

“...but just think how much worse it would be without Obama!”

***

Like under George Bush, when the rate was 8%. :)


39 posted on 09/03/2010 6:33:20 AM PDT by fatnotlazy
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To: Red in Blue PA

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.


40 posted on 09/03/2010 6:58:09 AM PDT by babble-on
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To: Red in Blue PA

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.


41 posted on 09/03/2010 7:09:32 AM PDT by babble-on
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To: Red in Blue PA

Summer of Obummer...


42 posted on 09/03/2010 8:38:26 AM PDT by WOBBLY BOB (drain the swamp! ( then napalm it and pave it over ))
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