August Jobs Report

[Joe Biden 2020]

The new jobs report from August comes out Friday, September 2, 2011.  What do you think it will show.  July, IIRC, was a better than expected month for the job market, so will August expand on July's strengths or will it revert back to the negative reports of May and June?

[Tender Branson]

ADP said +91.000 jobs in August.

Marketwatch expects +45.000 jobs and Bloomberg experts say +100.000.

I'd say +114.000 private sector jobs, minus 20.000 government jobs, so alltogether about +94.000 non-farm jobs, and the unemployment rate down to 9%.

[Swing low, sweet chariot. Comin' for to carry me home.]

UE Report T-15 minutes and counting...

[Swing low, sweet chariot. Comin' for to carry me home.]

UE Rate Throttling steady at 9.1%, Job Growth velocity falling to ZERO…

The White House spin meisters are monitoring the situation carefully, obviously a major malfunction…the Speaker of the House has reported Hope and Change 2012 has imploded…we have no downlink from the POTUS.

…Katy, bar and lock the doors.

[J. J.]

Yesterday, there was a prediction that 2012 unemployment rate would be 9.0%.

That report came from the White House.

[Swing low, sweet chariot. Comin' for to carry me home.]

Yesterday, there was a prediction that 2012 unemployment rate would be 9.0%.

That report came from the White House.

that's going to be viewed as optimistic before this day is over

[Swing low, sweet chariot. Comin' for to carry me home.]

premarket futures down 2%...Americans will have the long "Labor" day weekend to ponder the jagged haircut their 401k's will be getting today.

[CARLHAYDEN]

The US economy created no jobs and the unemployment rate held steadily higher at 9.1 percent in August, fueling concerns that the US is heading for another recession.

http://www.cnbc.com/id/44370439

Worse news.

Obama is going to talk about what he wants to do about jobs in the United States next week.

Given his track record, that is terrifying!

Its the Midas touch in reverse.

[Swing low, sweet chariot. Comin' for to carry me home.]

in other news...The Obama Administration, seemingly unaware of the risks of a repeat of the 2008 banking crisis, is set to sue the nations 12 largest banks for misrepresenting the value and risks of sub-prime mortgages, the very same mortgages Congress pushed for in legislation passed in the mid 90's, legislation Congress has yet to resind...

http://www.cnbc.com/id/44367003

...bank stocks are trading down 4% in the premarket, after suffering a 3% loss just yesterday...now back over to you at the front desk, CARL...

[Swing low, sweet chariot. Comin' for to carry me home.]

BREAKING NEWS...

This just in...Reports now coming across the wires that wreckage from Hope and Change 2012 is starting to wash up on the shores of the Potomac.  Pieces of several teleprompters have been found along side a golf bag and a basketball.

...more on this story as it develops.

[CARLHAYDEN]

More disturbing news:

First, as I have pointed out previously, initial employment reports have been consistently overstated for the past few months, with June and July figures revised downward (June -36,000 and July –32,000).

Second, in August, average hourly earnings for all employees on private nonfarm payrolls decreased!

Third, the average workweek for production and nonsupervisory employees on private nonfarm payrolls edged down in August.

Fourth, the number of persons employed part time for economic reasons rose in August.

http://www.bls.gov/news.release/empsit.nr0.htm

[Paul Kemp]

BREAKING NEWS...

This just in...Reports now coming across the wires that wreckage from Hope and Change 2012 is starting to wash up on the shores of the Potomac.  Pieces of several teleprompters have been found along side a golf bag and a basketball.

...more on this story as it develops.

Try to conceal your glee a little better.

[J. J.]

Some good news, the White House lowered the expected debt growth.

It will get trampled under the bad news, but the debt ceiling deal helped.

[krazen1211]

Texas continues to lead the way in job creation; only to be counterbalanced by obama states.

[Franzl]

Texas continues to lead the way in job creation; only to be counterbalanced by obama states.

If you want to use statistics to find a model state...you really, really shouldn't use Texas.

[Beet]

This poll was taken on Aug. 12, the height of the August market meltdown. Considering everything I'd say it wasn't that bad. Plus without the Verizon strike it would have been +45,000.

[Sbane]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

[Swing low, sweet chariot. Comin' for to carry me home.]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

I attempted to help, but Obama didn't listen to me.

[J. J.]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

No, but I want the policy that led to that no permanent job creation, ended.

(And just for the record, I did post some good news.)

[Politico]

Can you say, "double dip recession"?

Don't worry: "Help is on the way!"

[TheDeadFlagBlues]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

[J. J.]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

The R's are just commenting on it.  The D's are doing it.

(Well, partly responsible.) 

[TheDeadFlagBlues]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

The R's are just commenting on it.  The D's are doing it.

(Well, partly responsible.) 

Adam Smith 2.0 in da house! Explain to me using your advanced econometric model as to how Democratic fiscal policy contributed to these job losses. I expect you to show all of your work and for you to use correct terms when doing so. Begin!

[J. J.]

Quite simple

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

The R's are just commenting on it.  The D's are doing it.

(Well, partly responsible.) 

Adam Smith 2.0 in da house! Explain to me using your advanced econometric model as to how Democratic fiscal policy contributed to these job losses. I expect you to show all of your work and for you to use correct terms when doing so. Begin!

Please explain what you think the the Republicans are doing that is "destructive behavior?"

[Landslide Lyndon]

I see some here are enjoying the fact the economy is creating no jobs. Would I be out of line if I said the Republicans want the economy to do bad?

You'd be out of line to say that Republicans want the economy to improve, it's time to call them out on their destructive behavior.

The R's are just commenting on it.  The D's are doing it.

(Well, partly responsible.) 

Yeah, all the "commenting" they did with the debt ceiling has nothing to do with today's report.