Vampiel
09-03-2004, 03:53 PM
http://money.cnn.com/2004/09/03/news/economy/jobless_august/payroll_aug04.gif
Average : 140,000 jobs/month since January
Unemployement rate : 5.4%
Average : 140,000 jobs/month since January
Unemployement rate : 5.4%
Click to See Complete Forum and Search --> : Average job creating in the last 8 months
DozerLYP
09-03-2004, 05:36 PM
viva la bush...:D
jad1097
09-03-2004, 08:10 PM
At least you could have linked to the story. BTW I though hot linking was not allowed. :confused:
Unemployment rate drops
Job growth rebounded in August as nation's unemployment rate dipped to 5.4 percent.
September 3, 2004: 2:43 PM EDT
NEW YORK (CNN/Money) - Job growth rebounded in the United States last month and the unemployment rate dropped unexpectedly, the government reported Friday, in one of the last big employment reports before the November election.
The Labor Department said the economy created 144,000 jobs in August, the strongest reading since May and up from a revised 73,000 jobs in July. Economists surveyed by Briefing.com had forecast 150,000 new jobs.
The unemployment rate dipped to 5.4 from 5.5 percent in July, mainly due to a decline in the labor force, bringing the rate to its lowest since September 2001.
The job report, closely watched each month, is especially important to President Bush and Democratic challenger John Kerry since it comes just two months before the Nov. 2 election. There is only one more job report due before election day, the September report due Oct. 8, the morning of the second presidential debate.
The report could give a lift to the Bush campaign, coming just hours after the Republicans renominated him. The president and his advisers like to point to the nearly 1.7 million jobs created since August 2003.
But the Kerry campaign notes that despite the recent job gains, the economy has still lost about 1 million jobs since Bush took office in early 2001, meaning Bush is likely to become the first president since the Depression era's Herbert Hoover to complete his term with an overall drop in U.S. payrolls.
Roger Altman, senior economic advisor to Kerry, told CNNfn that even with the most recent gain, the administration's job performance has been weak.
"You need about 150,000 new jobs a month to keep even with growth in population," he said. "Taken in proper context, it's just not a very good record."
Republican Sen. Charles Grassley said that the latest jobs report is proof that the economy is performing well now.
"There have been very few years in my lifetime that we've had an unemployment rate as low as this," he told CNNfn.
Last month's job growth was the strongest since 208,000 in May, and the department also revised upward its readings for June and July. June job growth was revised to a gain of 96,000 jobs from an earlier reading of 78,000, while July was revised from an earlier reading of 32,000.
"The jump in payrolls this month shows that although the economy clearly went through a wider-than-expected soft patch, it does not appear as though the shortfall in growth was permanent," said Anthony Chan, senior economist with J.P. Morgan Fleming Asset Management.
"It now looks as though the economy is continuing to gravitate towards a more gradual pace of economic growth."
The report showed less strength in the labor market than in the spring, when the economy created an average of nearly 300,000 jobs a month from March through May.
But after two months of weak reports, the latest number and the revisions to June and July brought the three-month average to just over 100,000.
In its report, the department said manufacturing and construction showed gains and the service sector added 108,000 jobs. Education and heath services posted a seasonally adjusted 45,000 gain, and the government added 24,000 jobs.
Average hourly wages rose 5 cents to $15.77. Over the last 12 months average hourly wages have risen 2.3 percent, not keeping pace with the rate of inflation.
"The report is still a poor one given what has come before, but not terrible," economist Robert Brusca of FAO Economics wrote in a note after the report. "There is no reason to think it is weak enough to put the Fed on hold." But Brusca said a rate hike at that meeting would be a mistake, given the economy's mediocre strength.
The Federal Reserve, the nation's central bank, is now all but certain to raise a key short-term interest rate when its policy-makers meet later this month, in a bid to ward off inflation. Another weak jobs report could have put the Fed on hold in September.
"Taken together, all this employment data provides the Federal Reserve with a measure of confidence to allow an increase in the funds rate," said Wachovia Securities Chief Economist John Silvia in his note on the report.
While some economists said the jobs report show the recovery is back on track, others said not so fast.
"The outlook remains poor," said University of Maryland Business School professor Peter Morici. "Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation."
On Wall Street, Treasury bond prices slumped after the report, sending bond market yields higher, as investors bet the Fed would go ahead and raise its short-term rate target a quarter percentage point on Sept. 21.
Stock prices were mixed, with tech stocks tumbling after a weak revenue forecast from Intel Corp. (INTC: Research, Estimates), the biggest chip manufacturer. Blue- chip stocks were little changed.
http://money.cnn.com/2004/09/03/news/economy/jobless_august/
Unemployment rate drops
Job growth rebounded in August as nation's unemployment rate dipped to 5.4 percent.
September 3, 2004: 2:43 PM EDT
NEW YORK (CNN/Money) - Job growth rebounded in the United States last month and the unemployment rate dropped unexpectedly, the government reported Friday, in one of the last big employment reports before the November election.
The Labor Department said the economy created 144,000 jobs in August, the strongest reading since May and up from a revised 73,000 jobs in July. Economists surveyed by Briefing.com had forecast 150,000 new jobs.
The unemployment rate dipped to 5.4 from 5.5 percent in July, mainly due to a decline in the labor force, bringing the rate to its lowest since September 2001.
The job report, closely watched each month, is especially important to President Bush and Democratic challenger John Kerry since it comes just two months before the Nov. 2 election. There is only one more job report due before election day, the September report due Oct. 8, the morning of the second presidential debate.
The report could give a lift to the Bush campaign, coming just hours after the Republicans renominated him. The president and his advisers like to point to the nearly 1.7 million jobs created since August 2003.
But the Kerry campaign notes that despite the recent job gains, the economy has still lost about 1 million jobs since Bush took office in early 2001, meaning Bush is likely to become the first president since the Depression era's Herbert Hoover to complete his term with an overall drop in U.S. payrolls.
Roger Altman, senior economic advisor to Kerry, told CNNfn that even with the most recent gain, the administration's job performance has been weak.
"You need about 150,000 new jobs a month to keep even with growth in population," he said. "Taken in proper context, it's just not a very good record."
Republican Sen. Charles Grassley said that the latest jobs report is proof that the economy is performing well now.
"There have been very few years in my lifetime that we've had an unemployment rate as low as this," he told CNNfn.
Last month's job growth was the strongest since 208,000 in May, and the department also revised upward its readings for June and July. June job growth was revised to a gain of 96,000 jobs from an earlier reading of 78,000, while July was revised from an earlier reading of 32,000.
"The jump in payrolls this month shows that although the economy clearly went through a wider-than-expected soft patch, it does not appear as though the shortfall in growth was permanent," said Anthony Chan, senior economist with J.P. Morgan Fleming Asset Management.
"It now looks as though the economy is continuing to gravitate towards a more gradual pace of economic growth."
The report showed less strength in the labor market than in the spring, when the economy created an average of nearly 300,000 jobs a month from March through May.
But after two months of weak reports, the latest number and the revisions to June and July brought the three-month average to just over 100,000.
In its report, the department said manufacturing and construction showed gains and the service sector added 108,000 jobs. Education and heath services posted a seasonally adjusted 45,000 gain, and the government added 24,000 jobs.
Average hourly wages rose 5 cents to $15.77. Over the last 12 months average hourly wages have risen 2.3 percent, not keeping pace with the rate of inflation.
"The report is still a poor one given what has come before, but not terrible," economist Robert Brusca of FAO Economics wrote in a note after the report. "There is no reason to think it is weak enough to put the Fed on hold." But Brusca said a rate hike at that meeting would be a mistake, given the economy's mediocre strength.
The Federal Reserve, the nation's central bank, is now all but certain to raise a key short-term interest rate when its policy-makers meet later this month, in a bid to ward off inflation. Another weak jobs report could have put the Fed on hold in September.
"Taken together, all this employment data provides the Federal Reserve with a measure of confidence to allow an increase in the funds rate," said Wachovia Securities Chief Economist John Silvia in his note on the report.
While some economists said the jobs report show the recovery is back on track, others said not so fast.
"The outlook remains poor," said University of Maryland Business School professor Peter Morici. "Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation."
On Wall Street, Treasury bond prices slumped after the report, sending bond market yields higher, as investors bet the Fed would go ahead and raise its short-term rate target a quarter percentage point on Sept. 21.
Stock prices were mixed, with tech stocks tumbling after a weak revenue forecast from Intel Corp. (INTC: Research, Estimates), the biggest chip manufacturer. Blue- chip stocks were little changed.
http://money.cnn.com/2004/09/03/news/economy/jobless_august/
Vampiel
09-03-2004, 08:14 PM
I read the article, and it shows a 'mixed' impression, thats why I put up the 8 month average.
Some (democrats) just rant about more of the typical spin that somehow this is a bad thing.
Some (democrats) just rant about more of the typical spin that somehow this is a bad thing.
mireland
09-03-2004, 09:29 PM
I don't think bush gets any credits for this..or anything else for that matter..:rolleyes:
Billforce
09-03-2004, 10:35 PM
[QUOTE]Originally posted by mireland
[B]I don't think .
Truer words were never spoken:p
[B]I don't think .
Truer words were never spoken:p
zybch
09-03-2004, 10:42 PM
You just can't leave well enough alone can you?
In your desperate attempts to believe that Bush is not just some rich guy's spoilt son who bought the presedency, you post 'articles' like this every trying to justify the guy. Perhaps you believe that if you post enough of them, people will actually start believing that he isn't just the grown up version of a kid with ADD (adult disipline deficiency), hell, perhaps you'll start believing them yourself.
You don't seem to mention that the usual way the unemployment numbers are reached is by looking at the figures of people currently receiving welfare. Those that have left welfare but still don't have employment, those that have been cut of or shifted to some other form of welfare (like disability stuff) get taken off the books and not included in the official figures.
Every government does it to make it appear that they are 'creating real jobs', its all just smoke and mirrors and very few people actually fall for it. Seems you are one of them though, after all, you appear to believe everything that Bush and Co tell you.
In your desperate attempts to believe that Bush is not just some rich guy's spoilt son who bought the presedency, you post 'articles' like this every trying to justify the guy. Perhaps you believe that if you post enough of them, people will actually start believing that he isn't just the grown up version of a kid with ADD (adult disipline deficiency), hell, perhaps you'll start believing them yourself.
You don't seem to mention that the usual way the unemployment numbers are reached is by looking at the figures of people currently receiving welfare. Those that have left welfare but still don't have employment, those that have been cut of or shifted to some other form of welfare (like disability stuff) get taken off the books and not included in the official figures.
Every government does it to make it appear that they are 'creating real jobs', its all just smoke and mirrors and very few people actually fall for it. Seems you are one of them though, after all, you appear to believe everything that Bush and Co tell you.
Billforce
09-03-2004, 10:46 PM
I just don't believe the B.S. you and other American haters spew. Get a grip and STAY OUT of American politics. NOBODY asked you for your two cents, best clean up your own dirty laundry and leave us ALONE.
I defend the PRESIDENT of the UNITED STATES. I don't spew boogers at thing that don't concern me.
I defend the PRESIDENT of the UNITED STATES. I don't spew boogers at thing that don't concern me.
zybch
09-03-2004, 10:51 PM
Originally posted by Billforce
I just don't believe the B.S. you and other American haters spew. Get a grip and STAY OUT of American politics. NOBODY asked you for your two cents, best clean up your own dirty laundry and leave us ALONE.
I defend the PRESIDENT of the UNITED STATES. I don't spew boogers at thing that don't concern me.
I don't hate the US you ignorant peon!
I just hate the ignorance some Americans seem to have towards the world, and I hate your suck **** Government for stuffing the world about like it owns the place. Get over it, quit saying 'zybch hates America' and realise there is a world outside the US!
You seem to be 'spewing boogers' right now. Hypocrit!
You make it too easy.
I just don't believe the B.S. you and other American haters spew. Get a grip and STAY OUT of American politics. NOBODY asked you for your two cents, best clean up your own dirty laundry and leave us ALONE.
I defend the PRESIDENT of the UNITED STATES. I don't spew boogers at thing that don't concern me.
I don't hate the US you ignorant peon!
I just hate the ignorance some Americans seem to have towards the world, and I hate your suck **** Government for stuffing the world about like it owns the place. Get over it, quit saying 'zybch hates America' and realise there is a world outside the US!
You seem to be 'spewing boogers' right now. Hypocrit!
You make it too easy.
Billforce
09-03-2004, 10:56 PM
This forum prevents me from posting what I really think of a dissident like you. You would have to come up to a level higher than a RETARDED CHICKEN to even understand, but in your case, probably not possible.
In regards to being a PEON...I could buy and SELL you 1,000 times over.
In regards to being a PEON...I could buy and SELL you 1,000 times over.
zybch
09-03-2004, 11:14 PM
Ah, the old 'I have money so I can do whatever I like' ethos. Just like your idol, Bush.
How can I be a dissident? If the guy in the white house had won fairly and not literally cheated, I'd not have even 1/4 the problem I currently do with him.
How does Bush deserve anyone's respect? What has he done that hasn't directly or indirectly addedd money to his or his friends bank accounts? How has he made life better for the average joe american who makes less than $25,000 a year, can't afford health insurance or to send his kids to a private school where they will get educated properly, not like in the crumbling public system?
He's done nothing that deserves any respect except going into Afghanistan, and he even screwed that up by sending in less troops than there are policemen in NYC.
He is a thief, and a liar and is responsible personally for every american soldier that has lost their lives in Iraq.
How has he made things better or fairer for the vast majority of americans?
Keeping them all scared certainly isn't positive, reducing civil liberties doesn't sound like a good thing (check out the proposed Patriot Act Pt2), would you want a child of your own to grow up with the same principles that Bush has?
I certainly wouldn't, although the money would be nice.
How can I be a dissident? If the guy in the white house had won fairly and not literally cheated, I'd not have even 1/4 the problem I currently do with him.
How does Bush deserve anyone's respect? What has he done that hasn't directly or indirectly addedd money to his or his friends bank accounts? How has he made life better for the average joe american who makes less than $25,000 a year, can't afford health insurance or to send his kids to a private school where they will get educated properly, not like in the crumbling public system?
He's done nothing that deserves any respect except going into Afghanistan, and he even screwed that up by sending in less troops than there are policemen in NYC.
He is a thief, and a liar and is responsible personally for every american soldier that has lost their lives in Iraq.
How has he made things better or fairer for the vast majority of americans?
Keeping them all scared certainly isn't positive, reducing civil liberties doesn't sound like a good thing (check out the proposed Patriot Act Pt2), would you want a child of your own to grow up with the same principles that Bush has?
I certainly wouldn't, although the money would be nice.
Billforce
09-04-2004, 04:16 AM
As previously stated by me and other, you would be well served to keep your NOSE out of American politics. You just frustrate yourself and display your extreme ignorance.
Johnny Fist
09-04-2004, 04:21 AM
Originally posted by zybch
I don't hate the US you ignorant peon!
I just hate the ignorance some Americans seem to have towards the world, and I hate your suck **** Government for stuffing the world about like it owns the place. Get over it, quit saying 'zybch hates America' and realise there is a world outside the US!
You seem to be 'spewing boogers' right now. Hypocrit!
You make it too easy.
Where exactly are you at? I'll see if I can't pull some strings and have your country turned into a parking lot.
I don't hate the US you ignorant peon!
I just hate the ignorance some Americans seem to have towards the world, and I hate your suck **** Government for stuffing the world about like it owns the place. Get over it, quit saying 'zybch hates America' and realise there is a world outside the US!
You seem to be 'spewing boogers' right now. Hypocrit!
You make it too easy.
Where exactly are you at? I'll see if I can't pull some strings and have your country turned into a parking lot.
werz
09-04-2004, 04:34 AM
careful Zybch or you'll be getting a visit from some shady US gov agency and getting your civil rights revoked, or that spineless worm John Howard, (the excuse for a Prime Minister in Australia, I entered this for our American readers who forget there's a world outside there borders), will send some of his ASIO agents to silence you for saying nasty things about his hero GWB, although little Johnny will have to pull his tongue out of Georges behind to say anything to anyone.
werz
09-04-2004, 04:39 AM
Originally posted by Johnny Fist
Where exactly are you at? I'll see if I can't pull some strings and have your country turned into a parking lot.
It is a parking lot for your B52s, spy satellite communications stations and submarine tracking facilities, not to mention a brothel for your navy when they get R n R in the southern hemisphere, there's not many more degradations you could pull on the place.
Where exactly are you at? I'll see if I can't pull some strings and have your country turned into a parking lot.
It is a parking lot for your B52s, spy satellite communications stations and submarine tracking facilities, not to mention a brothel for your navy when they get R n R in the southern hemisphere, there's not many more degradations you could pull on the place.
Johnny Fist
09-04-2004, 08:51 AM
I could think of several more that'll make the current ones look like child's play.
DozerLYP
09-04-2004, 09:13 AM
I'm sorry for you guy, that are so petrify of GWB. but there is no way Kerry is getting he's job. so you better be nice to him. because he's going to have an other 4 years to bomb the **** out of you...:eek:
Strawbs
09-04-2004, 09:38 AM
Ahhh! Columbia - the Haven of the American Tax Dodger! :cool:
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