Media Employment Report Cover-up: 150,000 New Jobs Added August

newsmax ^ | Sept. 6, 2003 | Staff

[Paul C. Jesup]

Media Employment Report Cover-up: 150,000 New Jobs Added August

What do you expect, of course their doing this, the media hates american.

[JNB]

When it comes to economcis, I have come to the conclusion that Rush Limbaugh is about as clueless as they come. Maybe he does know better, but he comes across as being little more than a cheerleader.

[lasereye]

The figure on the table below that from which NewsMax is demonstrating its ignorance by extrapolating this alleged rise in employed persons is seasonally adjusted.

Since there are payroll declines due to reasons unrelated to the macroeconomic environment - like jobs at beaches towns ending - seasonally adjusted figures give the more accurate picture, assuming the adjustment is done in a statistically accurate fashion. That's the whole reason for seasonal adjustments.

[AntiGuv]

The NewsMax headline and allegation is not ambiguous:

150,000 New Jobs Added August

In order to establish the accuracy of that statement, one must demonstrate where the data indicates job creation. Seasonally adjusted figures may give a more accurate relative portrait (that's why seasonal adjustments are made) but they do not establish an absolute statement such as the above.

The only valid statistical measure is the payrolls figure, which indicated a 93,000 cut - which is supported, not contradicted, by the unadjusted employment survey results..

[waterstraat]

Can someone tell me what state all these new jobs are in? It is not happening in my state. Which companies are hiring 150,000 americans?

[pointsal]

ping.....good data

[RockyMtnMan]

In general the numbers may be up, although look at the source, I can definately tell you the tech sector is still very much unemployed. For anyone who doesn't believe Republicans can spin news to their benefit just as easily as libs can I have a bridge I would like to sell you.

[tubebender]

How many people reached retirement age in August? Many babyboomers are reaching the age of retirement due to the number of years worked. We went to my wifes 45th class reunion last night and most of the class was retired and they are in the 62/63 year age group....

[RockyMtnMan]

My father just retired and he's only 55, but then he worked for the government for 33 years.

[malia]

I'm confused!!!Listening to the debates today and all the economy bashing - well I'm just confused.