June Hiring Up, Unemployment Rate Drops to 5 percent, lowest since September 2001

AP ^ | July 8, 2005 | JEANNINE AVERSA

[Peach]

But I was listening to CNN this morning and they managed to put an entirely negative spin on the unemployment figures.

[Crazieman]

Bush's fault!

Oh wait...

[Crazieman]

How'd they put it?

[KevinDavis]

But according to the doom and gloomers here there are good paying jobs!!! Every single job went to China and India..

[bayourod]

Life is good.

[GOPJ]

CNN ... put an entirely negative spin on the unemployment figures...

I'm shocked I tell you, shocked.

[Peach]

Lackluster new employment numbers, what we've come to expect for the last several years, etc.

I hadn't even read about the REAL numbers, and kenw it was a lie.

[Phantom Lord]

Damn. Herbert Hoover is looking better and better by the day.

[litehaus]

"In June, manufacturers cut 24,000 jobs. Makers of motor vehicles and parts, which have cut production and offered promotions to sell off excess inventories and entice buyers, lost 18,000 jobs over the month. Professional and business services, however, added a robust 56,000 jobs in June, up from 10,000 new positions created in May. Employment in financial activities grew by 16,000, an improvement from the 4,000 new jobs seen in the previous month. Leisure and hospitality companies stepped up payrolls by 19,000 in June after being flat in May. "

You shine my shoes, I do your laundry--We'll all get rich!

[kempster]

Wait, unemployment is going down and the budget deficit is going down. This can't be. President Bush cut taxes. These must be misprints.

[ladtx]

How'd they put it?

Look for the Reuters report on the numbers and you'll get a good idea of the negative spin.

[bombthrower]

Wait, the tax cuts of 2001 and 2003. It couldn't be because of the tax cuts. Nah.
Oh, and those tax cuts, why the deficit would balloon, balloon like a bananna republic's would. But wait. Yesterday Congress said the deficit is coming down quickly. Why? Tax revenues are pouring in. How could that be? The Rats told us it couldn't be. And they are the superior creatures so they couldn't be wrong.Just ask Chuckie Schumer.

[ladtx]

Here's the Reuters headline via Yahoo.

Job growth tepid, jobless rate drops

I kid you not.

[GianniV]

This will be reported as BAD NEWS. As Hillary likes to whine, this is the "worst economy since Herbert Hoover." Of course, she conveniently forgets the Carter years and her husband's first term (before the phoney dotcom boom saved him).

[KevinDavis]

Don't forget about the y2k scare too.

[TimeLord]

W. RULES!!!!
TAX CUTS RULE!!!!!!!
What's good for the USA is bad for the Dummocrats.

[Zeppelin]

I agree with you. However, aside from tax cuts and subsidies, presidents really have little to do with the economic state. In fact, the trend is, the more they keep out of it, the better things go for it. I believe we call that "laissez faire." =P

[mainepatsfan]

Well they couldn't just report a positive story now could they?

[mainepatsfan]

That's like ripping a baseball team for winning a game by only one run.