Author Topic: Unemployment rate drops slightly  (Read 662 times)

0 Members and 1 Guest are viewing this topic.

Offline mystery-ak

  • Owner
  • Administrator
  • Hero Member
  • ******
  • Posts: 262,182
Unemployment rate drops slightly
« on: September 06, 2013, 08:41:12 AM »

Support the USO

Offline mystery-ak

  • Owner
  • Administrator
  • Hero Member
  • ******
  • Posts: 262,182
Re: Unemployment rate drops slightly
« Reply #1 on: September 06, 2013, 08:45:14 AM »
Business Insider's version

http://www.businessinsider.com/the-august-jobs-report-2013-9


Markets More: Economy Economic Data Non-Farm Payrolls
WEAK: JUST 169,000 NEW JOBS CREATED IN AUGUST, BAD DOWNWARD REVISIONS, LABOR FORCE PARTICIPATION RATE FALLS
Joe Weisenthal   48 minutes ago

The jobs number number is out and it is weak.

There were just 169K new jobs created in August.

What's worse. Last month was revised SHARPLY down from 162 to 104K. That is quite ominous.

The unemployment rate did, however, drop to 7.3%, but that's basically just due to continued exodus from the workforce.

The participation rate fell from 63.2% from 63.4%.

Snap reaction: This could delay the taper a bit, as gold is surging, the dollar is tumbling, the US 10-year is seeing yields go down, and stocks are actually gaining.

You can read the full report here.
http://bls.gov/news.release/empsit.nr0.htm

Lots and lots more to come.



Support the USO

Offline Oceander

  • Technical
  • Hero Member
  • ****
  • Posts: 48,946
  • TBR Illuminati
Re: Unemployment rate drops slightly
« Reply #2 on: September 06, 2013, 10:08:46 PM »
Quote
What's worse. Last month was revised SHARPLY down from 162 to 104K. That is quite ominous.

Where are the choruses of "unexpected?"  Or are people finally getting wise to the Obama (mal)administration's constant falsifying of data for political purposes?

Offline Cincinnatus

  • Hero Member
  • ****
  • Posts: 5,514
Re: Unemployment rate drops slightly
« Reply #3 on: September 07, 2013, 02:07:37 AM »
We shall never be abandoned by Heaven while we act worthy of its aid ~~ Samuel Adams

Offline evadR≤

  • Hero Member
  • ****
  • Posts: 3,197
Re: Unemployment rate drops slightly
« Reply #4 on: September 07, 2013, 09:50:25 AM »
It's all "Hocus Pokus".
The participation rate drops so the unemployment rate follows.
If we can get all the the people to stop looking for jobs, the UR will then be zero.
November 6, 2012, a day in infamy...the death of a republic as we know it.


Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo
Smf