Posted on 08/06/2004 5:30:25 AM PDT by RWR8189
32,000 jobs were created in July. The unemployment rate down at 5.5%
Details to come...
ouch
That is calculated through U4-U6 unemployment rates, which calculates the UE rate for varying degrees of workers who are marginally attached to the workforce.
The U3 unemployment rate is the official one that we use.
Very good point!
Bush set expectations when he said that something like 2 or 3 million new jobs would be created this year. He'll have to spin this pretty good.
"If Bush loses and JF'nK gets to raise taxes on US businesses, they have only themselves to blame. Hiring 32,000 in July means an average of 640 new hires PER STATE...just pathetic. This economy is going no where at this rate. The only thing that is up is oil prices."
I am continually amazed at the comments by Freepers expecting the Federal Government to take responsibility for market fluctuations. Since when does our constitution give the President the responsibility of managing the free market?
Dumb question. Wouldn't it get harder and harder to create jobs as the economy reaches full employment ? As the pool of qualified applicants shrink, wouldn't my ability to hire also shrink ? Is it possible the demand for jobs in some sectors could still be high but the supply for certain jobs isn't there ?
two months
Exactly - The fact is an economy cannot sustain the energy prices we have had and not have a negative effect -
Wasn't it the household survey that they rejected in terms of "jobs created?" The survey was showing far more individually employed jobs.
But they use it for the UE rate?
Why the difference?
No offense, but it's because you always spread pessimism in your replies.
You make it hard to tell if you are a troll or just anxious.
That's why.
It doesn't, but his policies do affect the markets, and what we're seeing now is the effect of the Bush dollar.
As a CPA for small businesses, these folks never last. The ones that build businesses that end up employing others never think for a minute that things are bad.
1.078 million jobs created this year.
1.483 million jobs created since last August.
not enough jobs are being created.
But the UE went down.
That is enough. Sometimes there is a lull here and there...now, if next month does not go up, then I will be concerned.
Is Granholm running this year? I didnt think so. Michigan is one of the Battleground States. Its economy lags behind the national average. If the nation as a whole is creating few new jobs it makes it that much harder for Bush to come in and brag about how tax cuts,etc has caused an improvment and Michigan is soon to benefit. If the national numbers are going down and gas prices are going up, then that is going to make an economic sell very difficult for Bush. Now we may believe the numbers would be even worse if Kerry becomes President but that doesnt change the current reality.
The Household survey only included 60,000 households, whereas the CES, which calculates nonfarm payrolls gets its info from a much larger pool. It is thought however that the CES misses startups and new small businesses.
these are terrible numbers. there is actually a chance that we might have a negative month for august or september. anyone who says this is good news, you've got to be kidding me.
This is not good for W and republicans.( especially with June numbers being revised to 78,000)
( not extending the federal Unemployemnt benefits for another 13 states also Hurts W in OH, WV, NC, PA, etc)
We better hope for a bang-up September and October then.
Isn't it true that a lot of the tax cuts are still yet to kick in? Or am I wrong here?
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