SI
SI
discoversearch

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 : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (119935)9/6/2012 9:58:09 AM
From: Road Walker  Read Replies (2) | Respond to of 149317
 
Hear anything like this from any R's?

Elizabeth Warren to DNC: The ‘system is rigged’ against you

news.yahoo.com



To: RetiredNow who wrote (119935)9/6/2012 10:40:13 AM
From: Sr K  Read Replies (1) | Respond to of 149317
 
ECONOMY | Updated September 6, 2012, 10:30 a.m. ET
Positive Signs Emerge for Job Market

By KATHLEEN MADIGAN, SARAH PORTLOCK and ERIC MORATH

Private businesses added more workers than expected in August, according to a report released Thursday, while unemployment claims fell for the first time in four weeks, positive signs for the labor market ahead of Friday's monthly jobs report.

Private-sector jobs in the U.S. increased by 201,000 last month, according to a national employment report calculated by payroll processor Automatic Data Processing Inc. and consultancy Macroeconomic Advisers.

The August number was well above the 145,000 expected by economists. The July estimate was revised to 173,000 from the 163,000 reported last month.

The ADP survey tallies only private-sector jobs. The Bureau of Labor Statistics' nonfarm-payroll data, to be released Friday, include government workers, whose ranks have been falling in recent years as state and local governments have cut staff to close budget gaps.

Economists surveyed by Dow Jones Newswires expect total nonfarm payrolls increased by 125,000 in August, and the jobless rate is projected to remain at 8.3%.

Forecasters are unlikely to change their projections for Friday's payrolls, in part because ADP has had big misses in recent months. For June employment, for example, ADP originally estimated 176,000 new jobs, but the total original gain was only 80,000.

The latest ADP report showed large businesses, with 500 employees or more, added 16,000 employees in August, while medium-size businesses added 86,000 workers and businesses that employ fewer than 50 workers hired 99,000 new employees.

Service-sector jobs increased by 185,000 in August, while factory jobs increased by 3,000.

ADP, of Roseland, N.J., says it processes payments of one in six U.S. workers. St. Louis-based Macroeconomic Advisers is an economic-consulting firm.

wsj.com



To: RetiredNow who wrote (119935)9/8/2012 12:41:54 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
In addition, prices paid continue to soar. That is recessionary and inflationary...stagflation....proof positive that QE and endless bailouts of the big banks is not the solution to what ails our economy. -mindmeld

No, no, no. Prices are not soaring. That's all part of your fantasy, Walter Mitty. Reel it back. - tejek

ism.ws

Prices increased from 39.5 to 54.0, a 14.5% increase in the August ISM report.


And in July prices were decreasing. Prices can be very volatile from month to month. We saw oil prices suddenly spike back up in August due to Iran and a fire in an SFO refinery after dropping for two months in June and July. However, overall, there is little inflation in the economy and this is your latest grab at straws.

Ted,
it's very hard for me to have a serious debate with you when you so steadfastly refuse to accept the factual evidence staring you in the face. You say prices aren't increasing, and yet, the ISM says they are. Take off your rose colored glasses, please.


Nothing rose colored; I go with the facts; not grabbing at straws and then breaking into hysteria. I get it. You want an R to win, but they don't deserve to win and they won't win by lying or trumping up data in a way that makes things worse than what they really are.