Posted on 10/05/2007 5:52:04 AM PDT by Always Right
Jobs report shows September gains in line with forecasts, while earlier job loss wiped away; unemployment rate up to 4.7%. October 5 2007: 8:40 AM EDT
NEW YORK (CNNMoney.com) -- Job growth was back on track in September, according to a government report that showed both a solid gain in Americans with jobs in the month, and revised away the job loss reported a month earlier.
U.S. payrolls showed a net gain of 110,000 workers in the month, according to the Labor Department report. That's roughly in line with the forecast of a 100,000 gain by economists surveyed by Briefing.com.
The Labor Department also now estimates that August had a gain of 89,000 jobs, a big upward revision from the originally reported 4,000 job loss in August.
(Excerpt) Read more at money.cnn.com ...
Worst economy ever.
;)
Good #s all around. Really glad about the Aug revisions too. I don’t think the Fed will have much reason to cut rates at the next meeting now.
Wow! Who hacked the CNN computer? This is actually a reasonable job of reporting instead of the usual DNC Talking Points pretending to be “Economics reporting”.
The market is looking real pretty this morning. Lots of stuff up in the premarket, at least the stuff I am looking at, mostly tech and China companies.
But they’re all McJobs...according to Libs.
Positive job numbers from a CNN source? How did this happen? Someone’s getting fired very soon.
Slight fluctuations and variables. All in all, not bad.
How many of these jobs were private sector and how many were government? Government jobs are the biggest growing job sector.
“Slight fluctuations and variables. All in all, not bad.”
I love when the Libs point a sluggish job growth month to bolster their lie that the economy sucks. Um, at 4.7%, virtually full employment, there isn’t a lot of room for job growth. Duh.
bls.gov will give all the answers.
They've alway have some inflation/recession nonsense [bravo sierra] and they are quiet now???
I believe everything the govenment reports?
“I believe everything the govenment reports?”
Do you have an alternative set of data for comparison?
I’m sure on my way to work listening to Laura Ingram that the AP radio news will just report that the unemployment rate is rising.
Biggest gains are in health care (nursing homes and the like), education (yeah, school year opens), and food services.
Not factored are independent contractors like RE agents or businesses like independent contractors.
Actually, if you read the report the unemployment ticked up slightly. In short, it stinks.
http://www.bls.gov/news.release/pdf/empsit.pdf
the wall street financial engineers (e.g. fraudsters) have been repackaging low quality subprime instruments as AAA tranches and have poisoned a huge number of monetary instruments held by mutual funds, hedge funds, banks and foreign governments, causing a serious lack of confidence and a potentially deadly liquidity crisis. if you don't believe me, just try to get a mortgage or sell your home right now...
the world economy is in a far more delicate state than you think -- and MEW (mortgage equity withdrawl - refinancing based on a homes appreciation) is no longer available to the average homeowner to support additional purchases.
we will be lucky to avoid a recession next year... unfortunately, America's enemies may take advantage of the liquidity to strike another blow like 9/11 and could trigger a worldwide financial panic as money flow siezes up...
Couldn't a person argue that while things are always in a state of flux, the expansion of capitalism around the world has made all markets stronger? The world's markets are interconnected, and I believe the fact that capitalism is ever expanding makes it possible for all markets to withstand sudden shocks in one single area.
As some analysts have pointed out the credit crisis might have sent our economy into a tailspin twenty, thirty years ago. But it didn't. Unless China, Russia, and India revert to their previous socialist economies (not likely), I would expect all economies to be able to withstand momentary crises like the one we've just experienced.
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