From the AP:
"America's payrolls picked up in August, with the economy adding 144,000 jobs, slightly less than economists were forecasting and highlighting the slow and uneven recovery in the labor market that jobseekers have braved."
"But the drop in the jobless rate in August came as people left the work force for any number of reasons"
"The gain in payrolls was short of the 150,000 net jobs that economists were calling for."
"Job gains for July were revised up to 73,000, still a lackluster number but an improvement from the 32,000 advance first estimated."
"The economy has lost 913,000 jobs since Bush took office."
"In August retail and automobile sales came in sluggish, consumer confidence dropped and manufacturing activity grew at a slower pace."
"Economists want to see at least 200,000 net jobs added a month on a consistent basis before declaring the labor market fully healed."
Could these guys be any more negative?
up revision of July to 73,000 as well. Wages up a nickle.
Great news.
CNNFN actually has a positive headline:
http://money.cnn.com/2004/09/03/news/economy/jobless_august/index.htm
Unemployment rate drops
Job growth rebounded in month of August as nation's unemployment rate dipped to 5.4 percent.
September 3, 2004: 9:31 AM EDT
NEW YORK (CNN/Money) - Job growth rebounded in August and the unemployment rate dropped unexpectedly, the government reported Friday.
So It broke the number 100K, which will be interpreted as a good news. Well, things do not look good for Dems.
don't forget this is the jobs report that is affected by the Florida huricanne.
Of course if those protesters at New York would go get a job everything would be fine
This is good. Didn't I hear that they revised the job creation up for June and July too.
All I will say is thank you Lord (literally).
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.
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!
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.
How much were the June numbers revised upward?
The real story is that 203,000 jobs were added. Here's how:
August: 144,000 new jobs
July: Upward revision of 41,000
June: Upward revision of 18,000
Total new jobs = 204,000
Kerry: "There goes Bush again with the negative campaign. Always the negative campaign. And impugning my credentials to be Commander In Chief. By the way, did you know I served in Viet Nam?"
ABC News just now:
Job growth disappointing, less than predicted. Only 144,000 jobs created; economists had predicted 150,000. Don't remember them mentioning that unemployment was down.
MSM bias shows again.
Man, is God with us or what?