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Unnemployment rate unexpectedly soars to 6.1%
CBS Marketwatch ^ | 09/05/2008 | Greg Robb

Posted on 09/05/2008 5:41:48 AM PDT by Glenn

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This should make for an interesting day in the market.
1 posted on 09/05/2008 5:41:48 AM PDT by Glenn
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To: Glenn

MSM and community organizers hardest hit?


2 posted on 09/05/2008 5:43:01 AM PDT by nhoward14 (Governor Sarah Palin's goes to 11.... thousand.)
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To: nhoward14
The rise in the unemployment rate was unexpected.

Bravo Sierra
3 posted on 09/05/2008 5:44:26 AM PDT by Perdogg (Maverick - Barracuda 2008)
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To: Glenn

We’ve been expecting this for several months. It takes that long for the numbers to show up in the gov’t data.


4 posted on 09/05/2008 5:48:02 AM PDT by Rutles4Ever (Ubi Petrus, ibi ecclesia, et ubi ecclesia vita eterna!)
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To: Glenn
"U.S. jobless rate hits six-year low
Clinton's euphoric, but news causes stocks to plunge
July 5, 1996
Web posted at: 5:50 p.m. EDT

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?

5 posted on 09/05/2008 5:48:19 AM PDT by icwhatudo (If my brother-n-law threatened to kill my father-I'd tell his boss too (Just like Palin did))
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To: Glenn
Summers over, minimum wage up, and hurricanes shutting down large swaths of the country.

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.

6 posted on 09/05/2008 5:48:34 AM PDT by Tarpon (Three things matter when selecting a President - character, character and character.)
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To: Perdogg

looks like the Reid/Pelosi Congress is doing just as they promised, bring misery to all.


7 posted on 09/05/2008 5:48:58 AM PDT by eyeamok
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To: Glenn

On the otherhand, with the end of summer, teachers are back at work.


8 posted on 09/05/2008 5:49:06 AM PDT by weegee (Better to support a pitbull in lipstick than to be in a party that is putting lipstick on a pig.)
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To: Glenn

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?


9 posted on 09/05/2008 5:49:29 AM PDT by Question Liberal Authority (Obama's speechwriter was 10 years old when Sarah Palin was first elected to public office.)
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To: Glenn

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.”


10 posted on 09/05/2008 5:49:41 AM PDT by Perdogg (Maverick - Barracuda 2008)
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To: icwhatudo

You forgot to put on your “Republican filter” when viewing stats -— LOL


11 posted on 09/05/2008 5:49:43 AM PDT by Tarpon (Three things matter when selecting a President - character, character and character.)
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To: Tarpon

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.


12 posted on 09/05/2008 5:50:37 AM PDT by weegee (Better to support a pitbull in lipstick than to be in a party that is putting lipstick on a pig.)
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To: eyeamok

Liberalism...Spread the Misery!


13 posted on 09/05/2008 5:50:42 AM PDT by unixfox (The 13th Amendment Abolished Slavery, The 16th Amendment Reinstated It !)
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To: Question Liberal Authority

None, only green jobs are available.

Nonsense is rising faster than the sea level.


14 posted on 09/05/2008 5:50:49 AM PDT by Tarpon (Three things matter when selecting a President - character, character and character.)
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To: Glenn

The Jobs rate is a lagging indicator. Like driving backwards looking in the review mirror.


15 posted on 09/05/2008 5:52:02 AM PDT by stocksthatgoup (No Way, No How, NoBama)
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To: Glenn
Looks like all those “Green” jobs just ain't panning out.
16 posted on 09/05/2008 5:52:31 AM PDT by tobyhill (fraud -noun;(1)deceit, trickery, sharp practice, or breach of confidence, (2) Obama)
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To: Glenn

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.


17 posted on 09/05/2008 5:52:39 AM PDT by DallasBiff
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To: Glenn

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.


18 posted on 09/05/2008 5:52:41 AM PDT by CriticalJ
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To: Glenn

august is the lowest employed month.


19 posted on 09/05/2008 5:52:47 AM PDT by ncalburt
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To: Tarpon

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..


20 posted on 09/05/2008 5:54:02 AM PDT by Neidermeyer
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