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248,000 payroll jobs added in May; Jobless rate: 5.6%
CNBC | Friday, June 4, 2004

Posted on 06/04/2004 5:30:16 AM PDT by JohnHuang2

Edited on 06/04/2004 5:36:32 AM PDT by Admin Moderator. [history]

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To: hchutch

9 months of positive prints (incl 4th positive print in manuf'g, +32k, 3mth avg = +28k)

NFP

3mth avg = +315k
4mth avg = +258k
6mth avg = +200k
9mth avg = +159k


101 posted on 06/04/2004 6:17:19 AM PDT by babble-on
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To: Kozak

Not to defend the media (perish the thought), but the situations aren't analogous. At this point in '92, the jobless rate was rising, peaking at 7.6% in June and job creation numbers were lackluster, at best. Voters won't be fooled.


102 posted on 06/04/2004 6:18:00 AM PDT by JohnHuang2
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To: xzins

That popped out for me, too. Daddy and Mommy make more money today and teens are looking for spending money. It's not like years ago when a lot of the kid's wages went to help out at home.....and we didn't buy $100 sneakers either.


103 posted on 06/04/2004 6:19:02 AM PDT by Sacajaweau (God Bless Our Troops!!)
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To: LS
The Fed will raise anyway, most likely, but I agree that the liberals will probably say that, as they have nothing else to say. The Fed would have been a lot more provoked if the payrolls had been over 300k, but this number is right in the sweet spot of good job growth without signs of rapid economic overheating.

I think back on that Council of Economic Advisers report from January that forecast all those jobs this year, and which President Bush took so much heat over. It's turning out to be true!

104 posted on 06/04/2004 6:19:50 AM PDT by KellyAdmirer
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To: babaloo

Robert Reich's idea of a 'Quality job' is serving an internship in the Clinton White House.


105 posted on 06/04/2004 6:19:54 AM PDT by JohnHuang2
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To: babaloo

No, I think they will use the "Day After" propaganda film to start blaming Bush for the weather.


106 posted on 06/04/2004 6:20:02 AM PDT by FlipWilson
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To: Allegra

Look for the New York Times to bury this on page B18 while they run "ass pyramids"(prisoner abuse) storys for the 45 straight day


107 posted on 06/04/2004 6:20:11 AM PDT by dusty99999 (AST)
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To: JohnHuang2

but but but what kind of jobs? (said in my best liberal whine)


108 posted on 06/04/2004 6:20:50 AM PDT by bluerose ("Kerry fell off his bicycle and put in for the Purple Knee" --Argus Hamilton)
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To: Tennessean4Bush

Equity markets love this report, if futures are any indication.


109 posted on 06/04/2004 6:21:38 AM PDT by JohnHuang2
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To: JohnHuang2

Great news, thanks for posting, JH2. I have sent it on to family and friends, just in case some newspapers 'forget' to publish this news ;-)


110 posted on 06/04/2004 6:22:28 AM PDT by deadhead (God Bless Our Troops and Veterans Bush-Cheney '04)
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To: deadhead

Welcome -- great to 'see' ya, btw! :-)


111 posted on 06/04/2004 6:23:01 AM PDT by JohnHuang2
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To: JohnHuang2

3 months almost a million jobs


112 posted on 06/04/2004 6:23:39 AM PDT by The Wizard (Democrats: enemies of America)
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To: JohnHuang2

Great to 'see' you too, JH2 :-) Have a great weekend.


113 posted on 06/04/2004 6:23:56 AM PDT by deadhead (God Bless Our Troops and Veterans Bush-Cheney '04)
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To: Kozak

1/3 of people hate President Bush. They will be negative about everything that can help him being re-elected. Just do not worry; in a month or two the Bush campaign will make sure that most voters memorize by heart the great economic numbers.


114 posted on 06/04/2004 6:24:29 AM PDT by jveritas
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To: babaloo
Robert Reich is spewing his anti-Bush crap now on CNBC. Job growth going in right direction but--not good quality jobs,people losing health care, deficit out of control...

And now let's hear what the Republicans have to say to promote this wonderful news and their response to the media and democrats talking it down...........


115 posted on 06/04/2004 6:27:45 AM PDT by qam1 (Tommy Thompson is a Fat-tubby, Fascist)
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To: deadhead

Thanks! You have a great weekend too :-)


116 posted on 06/04/2004 6:30:43 AM PDT by JohnHuang2
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To: The Wizard

Amen. Bad news for Lurch :-)


117 posted on 06/04/2004 6:31:19 AM PDT by JohnHuang2
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To: qam1

Hi everyone,
Lurker for years. This is my first post/reply.
Seems ABC wins for first spin. ABC radio said the high number of new jobs did NOTHING to help the unemployment rate.

Cheers!!!


118 posted on 06/04/2004 6:33:20 AM PDT by dcgst4
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To: JohnHuang2

the worst 947,000 jobs three month job growth since Hoover!!!!!!!


119 posted on 06/04/2004 6:34:35 AM PDT by Dr Snide (vis pacem, para bellum - Prepare for war if you want peace)
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To: JohnHuang2

The REVISED figures for the last 3 months show that nearly 1,000,000 new jobs were created, and the total since September is over 1,400,000. WOW!!!


120 posted on 06/04/2004 6:38:06 AM PDT by GeorgeW23225 (Liberals really aren*t bad people. It*s just that they know so much that simply ISN*T true!!)
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