144,000 Jobs Created in August (UE Rate Down at 5.4%)

CNBC | September 3, 2004

[RWR8189]

jobs were created in August. The unemployment rate edgged down at 5.4%

Upward revisions

Details to come...

[grey_whiskers]

You wrote:

"the Red Sox are only 2 1/2 back of the Yankees now."

Slam at Kewwy understood; but why would a TEXAN (Bush)
care about the Yankees?

Full disclosure: used to be an Orioles fan :-(

[xzins]

I'm not SO wrong.

I'm INCOMPLETE. (which is different than wrong...especially since you added to your list some of the things I had on mine.)

Thanks for a more complete list. I'll definitely use the Gore thing in the future as well as the oil price extortion.

[grey_whiskers]

You wrote:

"150k is the amount of jobs that need to be created just to absorb new people entering the workforce."

Agreed. But just out of cussedness. . .
How long until the boomers start retiring,
and we start facing the 'worker shortage'
for real, which has been used as an excuse
for outsourcing to third-world countries already?

[tiki]

This is good. Didn't I hear that they revised the job creation up for June and July too.

[grey_whiskers]

You wrote:

"I'm not SO wrong."


I thought people would realize by my extending your remarks that we were on the same side . . .

Sorry, next time I'll explicitly load my sarcasm torpedoes
first, like this:

[Sarcasm torpedo ARMED. FIRE!]
...and the new unemployment of Al Gore surely skewed
the numbers tremendously.

[Boss_Jim_Gettys]

Jobs created: June 96k, July 73k, August 144k

MY math says there were over 300k jobs created in the 3 month period. I don't call that exactly static.

My point on the "new math" is that liberals will look at deltas between expectations and actuals and call that a decrease if it suits them. They do it on government spending all the time.

A liberal who gets a 4% raise while expecting a 5% raise would argue that they received a 1% pay cut even though they were taking home more money every month.

Sorry if my point was confusing.

[xzins]

Thanks for a more complete list. I'll definitely use the Gore thing in the future as well as the oil price extortion.

Don't forget my gracious thankfulness for your help on these ideas. They're good.

No (/sarcasm> needed.... I'm being sincere. :>)

[rwfromkansas]

All I will say is thank you Lord (literally).

[rwfromkansas]

July shoots up to 73K in a revision

[lelio]

A liberal who gets a 4% raise while expecting a 5% raise would argue that they received a 1% pay cut even though they were taking home more money every month.

I agree with you on that ... however I'm talking about the 150k growth in jobs needed to employ just the new people entering into the workforce -- not the 150k expected figure.

So the economy needs to grow at 150k jobs a month just to remain constant.

[RWR8189]

It is not the more important one, and it was down 152,000. It is a very volatile indicator.

[cookcounty]

Funny numbers

Somebody please explain:

The US population is growing by 1.8% a year, That means 7% population growth under W. Yet the Dems insist there are fewer peole working now that when W took office.

What's wrong with this picture? What are these "job numbers" that back this up?

[Boss_Jim_Gettys]

Since the unemployment rate dropped 0.1% with the 144k jobs added, one could argue that the we are just to the right of the balancing point. Of course all of these numbers can and will be spun by both sides to reflect that the economy is getting better or worse or is static. The truth is only knowable as longer term trends are revealed.

sKeery and his media accomplices are already on point with "lackluster." All-in-all, though, I think it is an overall plus for Bush/Cheney.

[RockinRight]

??? 140,000 is pretty damn good!

[RockinRight]

W's gonna win.

You may have seen my 307 EV prediction. I have revised and here's my new prediction:

Bush 344 EV's
Kerry 194 EV's

Bush 54.0%
Kerry 44.3%

[RockinRight]

Wow...a whole 6000 short. But with lower unemployment. Why am I thinking these numbers are actually pretty damn good?

[comebacknewt]

Whew.

Not a great number, but good enough. I was very worried about this given the hurricane in Florida and the fact that August job numbers traditionally aren't all that great.

[POA2]

Great news! - 144,000 new payroll jobs is just what we needed to see! - Unemployment continuing to fall!! -

Lets see how the media spin the UE rate falling - (I have a notion they will just try and ignore this fact!) -

It is now time for the GWB team to get positive economic ads on the air - Once we have the economic premise back....Kerry has no shot in Nov!

[RetiredArmy]

Yes, and admitted he was a war criminal. I am still waiting for the Eurowinnies and the famed World Court to bring war crimes charges against him for his war crimes. I had better not hold my breath, huh?

[GallopingGhost]

For the record...

The administration is just 101,000 jobs short of when it took office (based on Non-Farm Payrolls). The economy lost 1,263,000 jobs in 2001, gained 11,000 in 2002, lost 212,000 in 2003 and has gained 1,363,000 in 2004. Over the last 12 months it has gained 1,604,000 jobs for an average of 133,667 per month.