Posted on 09/03/2004 1:37:47 PM PDT by kcinnh
WASHINGTON Sept. 3, 2004 — 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.
The unemployment rate dipped to 5.4 percent last month from 5.5 percent in July. But the drop in the jobless rate in August came as people left the work force for any number of reasons, the Labor Department reported Friday. Economists were predicting the jobless rate to hold steady in August.
The gain in payrolls was short of the 150,000 net jobs that economists were calling for. However, it represented the biggest jobs gain since May and marked the 12th month in a row that payrolls grew.
(Excerpt) Read more at abcnews.go.com ...
No bias here.
< sarcasm/ >
None at all. Don't they get it, people do not believe the media...they know they are scumbags.
Not to mention the up-ward revisions on the June and August numbers.
As I recall, the MSM was hinting at really bad numbers earlier in the week. I guess they were disappointed.
jobless rate drops to 5.4 and 144K new jobs and the media act like the souplines are started amazing. Anyone with Lexus search can do a search on the employment rate in 1996 for Bill Clinton when it was 5.6 love to hear what the dems and media said then.
I wonder how many of the 5.6% were in the Democratic welfare system under Bubba?
As they have been since the first survey was taken.
Yes, how do they count the jobless? Does this include those who really don't want to have jobs?
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