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...

[yellowhammer]

USA Today had a article last month that suggested that some people are being counted twice in the "jobs lost" category because of the new reality of employees changing jobs more often. The fact that the jobs number is so out of sync with the unemployment rate suggests to me that their analysis is correct, and that we need to take a long, hard look at how those jobs numbers are calculated. There is no way we have lost that many jobs the last few years.

[PigRigger]

HA!

[b2stealth]

This is great news!

Take THAT commie kerry..

[treeclimber]

I've got to question the timing of releasing this info.

If the Republicans are going to stoop to partisan politics with the jobs report, then I am deeply saddened...

he he he...

Hey Kerry, did you see the replay of W throwing from the top of the mound at Yankee stadium?

[Quilla]

Thank you kindly for your response.

[Grampa Dave]

"But, but, but....(sputter...)they're all POOPY jobs..."

Poopy jobs result in no Americans buying new homes or first time homes or moving up to a bigger/better home.

Sarcasm off! Yeah Sure. The liberal lie of the bad economy is in the dumpster like the rest of their lies.

[ExtremeUnction]

Bush's Fault.

Plus, THREE PUR-PLE HEARTSssssss!!!

[treeclimber]

"You people are missing the point -- the Vice President got five deferments! Five!"

I remember that-it's seared, seared into my memory...

[freeperfromnj]

Did you see that stupid grin on his face as he sheepishly hid behind Edwards while defended his client (I mean running mate). He looked like he himself was embarrassed at what he was doing.

[lelio]

Yes, but FOX had an analyist on that said the economists were expecting 150,000 jobs to be added.

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

[1rudeboy]

waaaah

[TheyConvictedOglethorpe]

From the release:

---------------------------------------------------------------------- | Hurricane Charley |
| |
| Hurricane Charley struck Florida during the August survey refer- |
| ence period. BLS made additional data collection efforts for the |
| hurricane-affected counties to ensure that payroll survey response |
| rates were at normal levels. Our examination of the survey data |
| suggests that there were no discernable weather-related effects on |
| national payroll employment as measured by the establishment survey. |
| This was likely due to the fact that the storm hit late in the re- |
| porting period for most of our survey respondents. For the storm |
| to have affected payroll employment, people would have had to have |
| been off work for the entire pay period and not paid for the time |
| missed. (In the household survey, people who miss work for weath- |
| er-related events are counted as employed whether or not they are |
| paid for the time off.) |
----------------------------------------------------------------------

[handy]

Well, you could always come back with:

Average unemployment Clinton's first term 6.31%
second term 4.61%
8 year average 5.46%

Average unemployment Bush's first term 5.19%

Or you could talk about mortgage rates.

Point being that isolated numbers go up and down, but compared to historical averages, this ain't the worst economy since Herbert Hoover.

[Boss_Jim_Gettys]

"144,000 Jobs Created in August" ... an analyst said the economists were expecting 150,000 jobs to be added.

So that means (using the DNC "new math") that 6,000 jobs were actually lost in August.

[The G Man]

This survey is of companie. I've never heard it addressed, but where does it take into account all those who left the mainstream workforce to start their own internet based business?

[RWR8189]

Tempest in a teapot.

We are statistically at 150,000.

[Grampa Dave]

Fun facts for liberal friends...


Average Unemployment rate since Jan 1948 - 5.64%

Current Unemplyment Rate - 5.40%

---

Thank you.

We have a Girly Boy lib on our cul de sac who has a sign about the 3 million jobs lost. I will have to make this into a sign.

[PISANO]

The economic model for non-farm JOBS is archaic and SHOULD be revised soon to accurately reflect THE information age. Just jobs utilizing the internet as a sole source of support is in the millions. The doom and gloomer Dims are always deeply saddened.

[lelio]

USA Today had a article last month that suggested that some people are being counted twice in the "jobs lost" category because of the new reality of employees changing jobs more often. The fact that the jobs number is so out of sync with the unemployment rate

If this was true, then why was the unemployment level remained constant? It should of shot up by 1 or 2 percentage points, considering that hiring levels aren't close to what they were in the 90's.

[CurlyBill]

But John Kerry is telling everyone that the economy is a mess and that jobs are not being created! How can this be? Could FrankenKerry be wrong? Are these DOL statistics nothing more than a campaign smear?