Posted on 09/03/2004 5:30:59 AM PDT by RWR8189
jobs were created in August. The unemployment rate edgged down at 5.4%
Upward revisions
Details to come...
Man, is God with us or what?
Man, is God with us or what?
This was reported on the top of the hour radio news update - right AFTER they played a clip of John Kerry saying that MILLIONS of jobs have been lost, while THIS ADMINISTRATION has stood by and DONE NOTHING!
I was laughing so hard, I nearly drove off the road.
Average pay is $16 per hour. Woe is us!
Ok, you're looking at Household data and I'm looking at CES data, now I see where you're coming from.
Right.
Looking at the Unemployment RATE, we are still above (5.4%) the rate in Jan'01, but that was on the way up due to the recession that started in March'00 when the dotcom bubble broke and stockmarket loss began, since it took about 18months for that to shake out --- and then Sep.11 took it up some more, and that took some time to shake out. Now, those influences have been countered by the tax cut, which will take, again, about 18 months for their effect.
The Number of unemployed has gone from 9mil down to 8mil this last year, and that will trend further down even if the economy slows a bit now - again, a residual effect of the 18 month lag time in the employment figures.
Regardless, already, there are more than two million (2,000,000 !!!) more WORKING in this country than ever before.
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http://www.freerepublic.com/focus/f-news/1201229/posts
z);->
There will be an upward revision next month, and next month will be very strong... Dont need a good job report when your kicking butt at the convention and Kerry is on the ropes...
Watch for a revision and great numbers next month...just a hunch
And that's just Kerry campaign advisors.
This was pretty much in line with expectations. Nothing to take the wind out of Bush's convention with this.
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