Formerly About Advanced Micro Devices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Road Walker who wrote (196948)	8/6/2004 9:07:04 AM
From: Road Walker	Read Replies (2) of 1574261

The other part is that the numbers are "seasonally adjusted". You never get the "clean" numbers, but the report probably means we lost well over 1 million jobs. Employment Growth Surprisingly Weak 29 minutes ago Add Business - Reuters to My Yahoo! WASHINGTON (Reuters) - U.S. employers added a paltry 32,000 workers to payrolls last month, the government said on Friday in a report far weaker than expected that will come as unwelcome news for President Bush (news - web sites) ahead of the presidential election. The Labor Department (news - web sites) also cut its tally of job growth for May and June by a combined 61,000. The unemployment rate, however, fell to 5.5 percent from 5.6 percent in June as a separate government survey of households showed robust employment growth. The department cautioned that the household survey was a less reliable barometer of month-to-month changes in employment than its larger survey of businesses. Wall Street economists polled last week had looked for a payroll gain of 228,000, although a weak employment reading from a service sector survey on Wednesday had some bracing for a weaker number. Still, the lackluster July figure was certain to surprise. The Bush administration was likely to look on the bright side as the report showed 1.5 million jobs have been created in 11 straight months of hiring gains. However, Democratic White House hopeful John Kerry (news - web sites) could accurately claim that the economy is still down 1.1 million jobs since Bush took office, despite the recent gains. The report will also raise questions about how successfully the economy shook off a soft patch in June and may lead financial market participants to reassess the pace of rate rises expected over the coming months from the Federal Reserve (news - web sites). Fed officials gather next Tuesday to plot interest rate strategy and are expected to add to a quarter-point interest-rate increase made in June.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next