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


To: RetiredNow who wrote (122763)10/5/2012 1:49:14 PM
From: Jim McMannis  Read Replies (3) | Respond to of 149317
 
Basically, need 150-175k new jobs to lower the UE rate. Got 114k. Ok. they cooked the books. Nothing new and it is predictable.



To: RetiredNow who wrote (122763)10/5/2012 2:27:41 PM
From: tejek  Read Replies (1) | Respond to of 149317
 
He almost got it right but its Jack and his Rs that are cooked. I have not been believing the employment numbers since April when S. CA finally started producing jobs. When LA gets going, its a jobs monster. And its been going strong for the past several months. Plus, you have OH and PA, two big states doing very well; FL and AZ coming back and even Detroit seeing sunlight. The BLS job numbers just didn't make any sense. In addition, layoffs have hit lows for both August and Sept. Then for the cherry on top, consumer confidence has been rebounding since August......strongly. You don't have a rebound in consumer confidence if they aren't getting jobs. It just doesn't happen.

So please, tell Mr. Welch to stick it where the sun don't shine..........tell him I said so. ;)

Jack Welch: Unemployment rate cooked


money.cnn.com


The
unemployment rate fell to 7.8% in September, down from 8.1% a month earlier. The drop was due to the Bureau of Labor Statistics' survey of households showing that 873,000 more people had jobs than in the previous month. That was the biggest one-month gain in more than nine years.