Posted on 08/05/2011 5:48:52 AM PDT by God luvs America
below the expected 120K jobs created...
Selling the open ...
Market will probably like it. Could be much worse.
I thought they expected 85k. I’m hearing this is better than expected. More jobs created and slight downtick in the unemployment rate.
Cooking the books?
futures are jumping around but this is probably just a dead cat bounce.
I assume the down tick is the result of people dropping out of the work force.
Note to House Pubbies: If you really want to do the nation a service, hold some hearings on how these numbers are cranked out.
Expect a “revised” figure in a week or ten days.
Will be revised downward soon.
Recovery Summer!!!!
futures are way up...watching CNBC- they are saying this is a disappointment all of course except for the one guy who said this is a “crisis of confidence” and the fundamentals are much better now than two years ago- he’s wetting his pants...
Call me cynical, I dont believe anyone anything coming out of Washington. Sorry
From BofA Merrill Lynch this morning before the report:
Economic Data
•8:30ChangeinNonfarmPayrolls(JUL)est:85K;8:30ChangeinPrivatePayrolls(JUL)est:113K;8:30ChangeinManufact.Payrolls(JUL)est:10K;8:30UnemploymentRate(JUL)est:9.2%
Unexpected?
“cooking the books?”
Without a doubt. The boys at cnbc are wetting their pants!!!
“Note to House Pubbies: If you really want to do the nation a service, hold some hearings on how these numbers are cranked out.”
They don’t have the guts.
“...unemployment rate fell to 9.1% from 9.2%, partly because 193,000 people dropped out of the labor force.”
I read where analysis were expecting only 92,000 new jobs, with a steady 9.2 unemployment. These figures show obamma’s policies are working. obamma will be out there bragging about this today, spouting out how he is leading America down the right path. /s
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