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badtoworse

(5,957 posts)

14. 8.1% sounds like a big improvement, but in reality, the report was a disaster

Sat Sep 8, 2012, 10:15 AM

Sep 2012

True we added 96,000 jobs, but that was a lot less than analysts were expecting. The improvement in the unemployment rate was due to 368,000 people leaving the workforce, not improvement in the jobs area. Sorry to shit in your punchbowl, but the bottom line is that we lost ground in August

http://www.bloomberg.com/news/2012-09-07/payrolls-in-u-s-rose-96-000-in-august-jobless-rate-falls.html

Do some research about how the investment community sees the report and I think you'll get a very different perspective. From what I've seen, the consensus is that it was very bad and almost guarantees more stimulus by the Fed.

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Libertarians piss me off [View all] davidpdx Sep 2012 OP

From wiki: tama Sep 2012 #1

You are both right. nt Bonobo Sep 2012 #2

Libertarian's are actually Republicans who are ashamed to admit it... rfranklin Sep 2012 #3

Exactly davidpdx Sep 2012 #5

Excellent description jsr Sep 2012 #8

I call Libertarians Republicans on steroids. Wounded Bear Sep 2012 #4

That is a good description davidpdx Sep 2012 #6

I think you're wrong former-republican Sep 2012 #7

What you said was the painful truth that he needed to hear. Ikonoklast Sep 2012 #10

Selfish immature is a good description former-republican Sep 2012 #11

As long as there is one hungry child in this nation of vast wealth, we have failed as a nation. Ikonoklast Sep 2012 #15

Maybe that's one extreme circumstance davidpdx Sep 2012 #12

Another thing I have noticed about self-proclaimed Libertarians.... Wounded Bear Sep 2012 #17

They always side with Republicans in the voting booth like little lapdogs jsr Sep 2012 #9

Bingo davidpdx Sep 2012 #13

8.1% sounds like a big improvement, but in reality, the report was a disaster badtoworse Sep 2012 #14

You're so cute. Ikonoklast Sep 2012 #16

what makes the Aug. rates any more or less different Bluerthanblue Sep 2012 #18

It does count people whose unemployment has run out! andym Sep 2012 #19