Unemployment is down

The Labor Department said Friday that employers added 114,000 jobs in September. The economy also created 86,000 more jobs in July and August than first estimated. Wages rose in September and more people started looking for work.

The revisions show employers added 146,000 jobs per month from July through September, up from 67,000 in the previous three months. The unemployment rate fell from 8.1 percent in August, matching its level in January 2009 when President Barack Obama took office.


http://money.msn.com/business-news/article.aspx?feed=AP&date=20121005&id=15640586
 
evince said:
The Labor Department said Friday that employers added 114,000 jobs in September. The economy also created 86,000 more jobs in July and August than first estimated. Wages rose in September and more people started looking for work.

The revisions show employers added 146,000 jobs per month from July through September, up from 67,000 in the previous three months. The unemployment rate fell from 8.1 percent in August, matching its level in January 2009 when President Barack Obama took office.


http://money.msn.com/business-news/article.aspx?feed=AP&date=20121005&id=15640586
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I need some help with this one... 114k jobs added and the unemployment rate drops .3%???
 
Damocles said:
Yeah, I expect that the correction is going to be large on Thursday. It's a bit off... How many gave up?
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That is just it... labor participation rate ticked UP from 63.5 to 63.6%. That is why the drop makes little sense at all. I am missing something, but obviously not sure what.

I know it is just a survey, so you can get weird tweaks based on who is interviewed, but this makes little sense.
 
In order for the unemployment rate to drop this much in a month, GDP would have to be clipping along at 4-5%. It hasn't even been close to that. Additionally, the U6 is still unchanged at over 14%.

Just saying
 
...not to mention the millions that have given up looking for a job.

Evince, you don't give a rat's ass about the working class. All you care about is that your guy wins.
 
Voltaire said:
So basically we're right where we started when Obama became President? And you consider that an accomplishment?
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The world economy was teterring on disaster, this isn't great, but it could have been worse. There is still a lot of room for improvement, but things aren't as bad as they were and hopefully will continue to improve. I heard a panel on NPR discussing how things have changed and stabilization is the important factor of the future of economics.
 
ZappasGuitar said:
revisions show employers added 146,000 jobs per month from July through September...
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Still not enough, and revisions also showed that those levels were still a job loss. The maths don't add up, and they expect sheeple to just accept that.
 
Damocles said:
Still not enough, and revisions also showed that those levels were still a job loss. The maths don't add up, and they expect sheeple to just accept that.
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Zap got the numbers wrong. The article said July and August added an additional 86,000 jobs. September added 114k jobs not 146k.
 
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