Employers Cut Jobs in August

Yahoo ^ | 09/07/07 | Jeannine Aversa

[Moonman62]

The yield on the 10 year bond is already down 8 basis points this morning.

[LibLieSlayer]

According to abc news, JOBLESS CLAIMS fell unexpectedly and consumers spending increased unexpectedly. Jobless rate fell at the same time these jobs were cut. Some contradiction.

LLS

[jiggyboy]

I love government reports, it saves me a trip to the comedy club. These howlers are especially revealing of the statistical perfidy:

the unemployment rate held steady at 4.6 percent, mainly because hundreds of thousands of people left the work force for any number of reasons.

Employment in financial services was flat.

[CDHart]

I wonder if the end of the summer jobs for tourism, etc., is factored in?

Carolyn

[taxed2death]

....or illegals.

[rightinthemiddle]

Jeannine Aversa is a DNC hack.

[Moonman62]

You’re probably right, but for now, the markets are taking this news very seriously.

[rightinthemiddle]

Perhaps the market is taking it seriously because the media is making it “serious?”

Here’s an Aversa classic:

http://www.freerepublic.com/focus/f-news/1720411/posts

[Fitzcarraldo]

The yield on the 10 year bond is already down 8 basis points this morning.

I thought bonds were a "slow and steady growth" investment option.

[Moonman62]

Financial people trust the media as much as we do. They get their information straight from the source.

[Gvl_M3]

....or illegals.

I think this does have an impact. Here in Georgia, some of the housing development crews have changed noticeably since the passing of the vehicle registration law was passed in July.

[montag813]

Alan Greenspan should be sent to Gitmo. It was he who hiked rates too much for too long. And it was he who urged Americans, in April 2004, to take out ARM loans for a “substantial savings”. We all see how THAT worked out. Send the old bastard to Gitmo right now.

[Politicalmom]

Maybe that’s a sign the Mexicans are self-deporting.

[RightWhale]

$EU over 1.37
Gold over 700
Fuji apples still Crisp & Sweet

[RightWhale]

• "slow and steady growth"

  Growing smaller is still growing.

[Fitzcarraldo]

slow and steady *increase* then LOL

[monkeybrau]

4,000 is stark? I’ve worked for companies that layed off double that in a quarter. And it’s the first such decline in 4 years? Wow, talk about hunger to create bad news.

[quack]

The prediction was to INCREASE new jobs at 110,000.Instead,there was a NET LOSS of 4000.So,114,000 LESS jobs were created last month.That’s not good news.It isn’t as simple as just being 4000 jobs lost.

[Toddsterpatriot]

I thought bonds were a "slow and steady growth" investment option.

If bond yields are down, that means bond prices are up.

[quack]

According to abc news, JOBLESS CLAIMS fell unexpectedly and consumers spending increased unexpectedly. Jobless rate fell at the same time these jobs were cut. Some contradiction.

It's not a contradiction.Jobless claims fell because less people were laid off.These jobs were never "cut".They were supposed to be created at a rate of 110,000 for August.Instead,there was a net loss of 4000 jobs.