32,000 Jobs Created in July (UE Rate Down at 5.5%)

CNBC | August 6, 2004

[RWR8189]

32,000 jobs were created in July. The unemployment rate down at 5.5%

Details to come...

ouch

[rwfromkansas]

BTw, the forms possible for a Karl Rove e-mail if there is one would likely be one of the following:

karl_rove@who.eop.gov
karlrove@who.eop.gov
krove@who.eop.gov

The first and last are likely the most likely options...Andy Card has an e-mail of acard@who.eop.gov, while other Executive Office employees have the first format.

[golas1964]

' I would really prefer the Reaganesqe: "My fellow Americans, I have just signed legislation outlawing idiot environmentalists from meddling in Alaska. The DRILLING will begin in 5 minutes." '

What's that joke Rush always tells about 'Da Swimma' being spotted in a cigarette boat makin' time with a babe... "Well ah do declah! The Senator has done changed his position on offshore drillin'!"

[TXBSAFH]

The number of job listed on the 6 or so website I check have dried up a great deal. It used to be about 15-20 jobs a week would be posted that fit my skill set (Sysadmin and network support), now there are about 10 or so. In fact monster.com I was able to find a job or two a day on most days, this week I found two.

[ohioWfan]

LOL!

Sometimes I just read through these threads and laugh, Dane.

And then I feel very sorry for the folks whose emotional security rests on such tenuous information.

It's really quite amazing.

btw, I just attended the President's Town Meeting in Columbus, and he is astounding! He has such a grasp of the economy, job growth, and what it needs to keep it's STRONG growth, that in the face of reality, these doomsayers look even more foolish.

[Jedi Jake]

I voted for Bush in 2000 and plan on doing so in 2004. I also voted for Bush 41 in 1988 and 1992.

I'm by no means spewing the liberial agenda but rather my concern that Bush will lose.

I see them winning the war of words so far and news like todays only helps!

[LS]

As I understand new welfare, you have to be off within two years.

I think the unemployment rate will have to be around 5.1% for Bush to be assured of re-election. I also think gas is going to have to be under $1.70 and the stock market at 10,500 minimum and/or rising rapidly. These kinds of "close to home" indicators mean a lot more than all the ISM indices.

[POA2]

kerry just addressed what he would do, today(tax breaks for hybrid cars, LOL!). Now that kerry has come out, Bush can now say that he has had an energy plan for 3 years and it has been bottled up by kerry in the Senate. Kerry has put himself out there, now it is time for Bush to push his plan.

While I see what you are trying to say - It doesn't play with the public (which is our concern) - The public doesn't want to hear a sitting President after 4 years say he has a plan....but mean Democrats just won't pass it - (when the media will scream his Party owns both HOUSES)

The pubic are fools over issues like this - They just get upset over high prices and think the answer is anyone who isn't "in there now" - "a change", etc -

Also incumbents don't respond like you are suggesting - We can't keep responding to what Kerry says -

[LS]

Dude, sarcasm.

[embedded_rebel]

Has Kerry trotted out Robert Rubin yet.

[WatchOutForSnakes]

One month less positive than predicted? How about 2 months less positive than predicted? How about record oil prices almost ensuring that it will be 3 months less than predicted? Realism is your friend. I want Bush re-elected and I will vote for him but you aren't doing anybody any favors hiding from what is happening.

[POA2]

The Bush campaign knows what they are doing. Give some advice if you wish, just don't get chicken littlish.

The Bush Campaign has been taken to the woodshed on DEM 527's - they didn't have a clue as to the impact 527's would have in this election - Period. (it is why you see the complete lack of any ground game by the Bush team on this issue...they got caught with their pants down!!) - And we are paying big time -

[WatchOutForSnakes]

Since we want to look at facts how about looking at the "fact" that it isn't just one month less than predicted, it is now two months less than predicted. Has that "fact" escaped you?

[expat_panama]

Thanks for the ping foo!

  Since Jan. 2001 there've been 1,870,000  new jobs created.  The bush bashers don't like this so they prefer to only talk about the old fashioned lower paying clock-punching jobs.  There's fewer of those jobs because smart people quit them to work for themselves.

This isn't rocket science; these days the BLS has the numbers and methods open to all.

 

[mpreston]

Here's my take on this. Example - my son. Worked for Intel for 4 months and hated the job. Boring. Quit and started his own business. Statistically from a corporate employment standpoint he's unemployed. From a household survey standpoint is employed.

Another factor - when working for corporate America ALL of your income is subject to tax and you can't write off anything. Unless your upper management with bennies, most of your stuff like transportation, cell phones and like are not deductible. Now become self-employed with a company. You can write off job related transportation (just about every where you go and your vehicle lease), communications expenses (cell, fax, etc), job related meals (when do you not eat and work?) and a portion of your house expenses. Household survey's would capture this employment.

I'm wondering if this is the major cause of the disconnect between the two data points.

[rwfromkansas]

It is the second month of poor figures.

This could mark very bad news for the campaign. It also could just be summer doldrums.

Gas should go down in theory soon..but then again, prices are up for other reasons than usual so that may not happen.

But, we won't know until next month.

STILL, it is time to have Bush address the oil issue for the sake of the economy.

[Badeye]

An unemployment rate below 6% means its not a viable political issue in a national election.

5.5 is unassailable to anyone with an IQ over 70.

[ohioWfan]

Right.

Forgive me if I don't believe your voting record.

Go to the White House website, click on Current News, and then go to the text of the President's Town Meeting in Columbus yesterday, and read about the economy.

Truth is our friend.

btw, if you really ARE concerned about the public's perception of this 'war on words' then DO something about it. Write letters to your editor, call in to local talk shows, tell your friends and coworkers. If you proactively counter the lies, you'll feel a lot better.

Bush is NOT going to lose if we make sure the left doesn't get away with their lies. Don't worry. Plenty of us are fighting hard with great energy to make sure the RIGHT man wins in November.

[Truth29]

See post #82 for a possible (special sauce) explanation.

[rwfromkansas]

This has me freaked because we need several months of good numbers for people to wake up and start to see improvement locally.