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| Home Front: Economy |
| Big Increase in Jobs |
| 2005-08-05 |
| This is from the BLS report. This month the payroll increase was about 200k and the household about 450k. The media spin will be toward the 'higher interest rates' meme. THE EMPLOYMENT SITUATION: JULY 2005 Nonfarm employment grew by 207,000 in July, and the unemployment rate was unchanged at 5.0 percent, the Bureau of Labor Statistics of the U.S. Depart- ment of Labor reported today. Over the month, payroll employment rose in many service-providing industries. Unemployment (Household Survey Data) Both the number of unemployed persons, 7.5 million, and the unemployment rate, 5.0 percent, were unchanged in July. A year earlier, the number of unemployed was 8.2 million and the jobless rate was 5.5 percent. |
| Posted by:mhw |
| #8 Plainslow I'm planning for a drop to $40/barrel in the summer of 06. This will give my evil minions the 'our President's energy program is working' talking point and get the bump up in the economy that you anticipate and we'll wait until after the election in Nov 06 to raise interest rate 100 basis points or so to cool the economy off. Bwahhaaaaa |
| Posted by: karl rove 2005-08-05 12:26 |
| #7 Yes, but what kind of jobs are these? Outsourcing is tearing this nation apart! Interest rates are rising! People are working to earn wages that forces them to live paycheck to paycheck! This administration is running high deficits and ignoring the American people! I served in Vietnam! |
| Posted by: John Kerry 2005-08-05 11:08 |
| #6 Poison's right on. Bin Laden thinks he knows how to break us, but, we have a economy that just gets richer when we have to invent new products, like we have to do for security and the military. I'm even amazed at how well we are doing. If the price of oil ever drops, look out. This economy could explode. |
| Posted by: plainslow 2005-08-05 10:33 |
| #5 Top US Headlines at Google: US announces indictment of two senior AIPAC officials CNN suspends Novak after he walks off set Community Consoles Ohio Military Families Bush Warns Colombian Leader on Human Rights Chief Justice Rehnquist treated at hospital Midair collision kills two: Plane spirals into vacant elementary Mike slams suit over subway bag searches NY accuses Maryland man of supporting terror group GOP Wants More Details of Corzine Aid I think Google hired somebody from APNYT to program their news service. Where do other readers go for news? |
| Posted by: Mrs. Davis 2005-08-05 10:09 |
| #4 So much for breaking the financial backs of the infidels. |
| Posted by: Poison Reverse 2005-08-05 09:40 |
| #3 bigjim-ky Unfortunately, the economy in Kentucky (I'm presuming that's where you live) has been underperforming relative to the national economy for the past year or two. See: http://data.bls.gov/cgi-bin/surveymost |
| Posted by: mhw 2005-08-05 09:30 |
| #2 The media spin will be toward the 'higher interest rates' meme. If it's even mentioned at all... |
| Posted by: Raj 2005-08-05 09:12 |
| #1 Gee, now I can get that second job flipping burgers that I always wanted. |
| Posted by: bigjim-ky 2005-08-05 09:11 |