So they expected over 100,000 new jobs, but instead lost 4,000.

[spanone]

This is some seriously BAD forecasting:

~snip~ Investors were taken aback by the Labor Department's report that payrolls dropped by 4,000 in August, the first decline since August 2003. Economists had forecast payrolls would increase by 110,000. However, the unemployment rate held steady at 4.6 percent as expected.

http://www.washingtonpost.com/wp-dyn/content/article/2007/09/07/AR2007090700646.html

[NMDemDist2]

1. yeah and they glossed over the June and July numbers

the revised em down 71,000!

:banghead:

[onethatcares]

3. that's how it works, I've argued with some

that point to the numbers posted during any given month and they say the economy is rosy, meanwhile, each month the number gets revised down. How the hell does the unemployment number stay at 4.6????

[DemBones DemBones]

5. Simple. To get the number, they use

a Magic 8-Ball. "Is the number 4.9?" "Most defnitely so."

[marmar]

2. Nostradamus, they ain't.

:dunce: :dunce: :dunce:

[DemBones DemBones]

4. The "unemployment rate" is such a crock.

For those who may not know, here's why:

They know pefectly well that are untold ten of thousands, if not hundreds of thousands, more American citizens who have been unemployed for years but are not included in their count.

When they say the unemployment rate is 4.6%, all they mean is that 4.6% of Americans are receiving unemployment benefits.

Once your benefits run out, they take your name off the list. But a lot of people whose benefits ran out years ago have never been able to find another job.

In other words, they're still unemployed. They're just left out of the count.

It's a classic example of the three kinds of lies: lies, damned lies, and statistics. They want people to think "Well, 4.6% is not so many people. They're probably lazy or something, anyway" and go back to watching "American Idol" or FOX "news." A perfect example of people being led to feel comfy in the "I've got mine" mentality that's endemic to our society.

:grr:

[spanone]

6. the truth has never been part of this cabals vocabulary

[DemBones DemBones]

10. It was the same when Clinton was president and

probably has been ever since they started reporting unemployment numbers, as far as no longer counting people as unemployed when their unemployment benefits run out.

[hatrack]

11. it goes back as far as the Truman Administration and has continued ever since

http://www.shadowstats.com/

[blues90]

7. isn't that the truth

They can make anything sound anyway they desire . I wonder what sort of jobs these projected 10,000 jobs were going to be , more subcontract min wage no benefit jobs pouring coffee or driving your car to it's death for a messenger service .

What they do is spread all these loan companies out across the TV adds to fixed rate loans but what they leave out is you must qualify so those who hope to get these loans are out of luck unless they meet the mark .

This un-employmet figure is pure crap , as you said if you are not collecting anymore you vanish and if you do they is no voice for you anylonger .

There is no way to count the ones who have fallen off un-employment and have not found a job or if they did and it's some part time thing then you count as employed but the outcome is the same number .

It's one thing to be young living at home but quite another to be stuck with bills and face losing everything . No one who can change this cares after all there are 300 million people here what is 100,000 or more fallen off the charts .

[onethatcares]

8. and the msn headline says

countrywide to lay off 12,000. maybe they'll get retrained for something, but I kinda doubt it.

[Eagle_Eye]

9. Looks like the Army will make its recruitment goals for the next couple of months