Posted on 09/05/2008 5:41:48 AM PDT by Glenn
Nonfarm payrolls decreased by 84,000, the Labor Department reported Friday. These are more job losses than the 75,000 drop expected by economists surveyed by MarketWatch.
The factory sector, especially the auto industry, shed jobs in August. Employment services, considered a bell whether of future labor market trends, also had sharp losses.
(Excerpt) Read more at marketwatch.com ...
MSM and community organizers hardest hit?
We’ve been expecting this for several months. It takes that long for the numbers to show up in the gov’t data.
WASHINGTON (CNN) -- Economists didn't expect June's unemployment rate to be much different from May's, which was an already-low 5.6 percent."
So if 5.6 is "already low" 6.1 should be no big deal in the MSM right?
Democrats are pleased, their drive to increase fuel prices is showing signs of success — Just like Jimmy “dum dum” Cater.
Democrats have already managed to get the budget deficit up to $450 billion from $150 billion ...
So now they can, wait for it, wait, wait --- Blame Bush and claim we have to raise taxes, look at the mess Bush has made of the economy. Never seen so many sadistic anti-American freaks as there are in the Democrat party in myentire life. All these people care about is power, not your library card, nor any of your other rights.
looks like the Reid/Pelosi Congress is doing just as they promised, bring misery to all.
On the otherhand, with the end of summer, teachers are back at work.
How many American jobs could be created if we were to build nuclear power plants, coal-fired power plants, drill offshore, extract shale oil and develop the oil fields in North Dakota?
I am not sure I understand
“Payroll growth in the previous two months was revised higher by a total of 58,000. June’s payrolls were revised up to a drop of 100,000 from 51,000. July was revised higher to 60,000 from 51,000 previously estimated.”
You forgot to put on your “Republican filter” when viewing stats -— LOL
Shh, it’s “mean” to say that only the Republicans want what’s right for America. It’s “mean” to suggest that Democrats believe that what’s bad for Americans is good for Democrats in an election year.
Liberalism...Spread the Misery!
None, only green jobs are available.
Nonsense is rising faster than the sea level.
The Jobs rate is a lagging indicator. Like driving backwards looking in the review mirror.
If McCain was smart he would say that our economy is fueled by cheap energy and it is Obama and the democrats who are putting the brakes on ecnomic growth with their economy choking energy and envirowhacko policies.
Did the increase in the minimum wage contribute to this in any way? Also, I wonder if the impending increase contributed to the sluggish economy the first part of the year. Haven’t heard any commentators talk about this and my economics background is pretty light.
august is the lowest employed month.
No filter here ,, my wifes restaurant chain (avg meal approx $26) ,, 20 restaurants ,, projected about a 35% drop in seats compared to 2007 for this week and the actual was 45%.. food cost and personnel costs as a % of gross are out of sight..
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