Joke of the day "U.S. Jobs Up 117,000; July Unemployment 9.1 Percent"

Hiring picked up slightly in the U.S. in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.

The Labor Department said Friday that employers added 117,000 jobs last month. That's an improvement from the past two months.

The mild gain may ease investors' concerns after the Dow Jones industrial average plummeted more than 500 points over concerns that the U.S. may be entering another recession.

http://www.npr.org/2011/08/05/139015996/wall-street-awaits-a-nail-biter-of-a-jobs-report?ps=cprs

Knew this would happen to quiet the markets today! Numbers are BS!!

Quotes from Robert Reich on Twitter:

RBReich Robert Reich

Cutting federal, state, and local budgets when 15 million Americans are jobless is a recipe for economic disaster and social upheaval.

RBReich Robert Reich

Rs are leading US to widening inequality, lower real wages, and fewer jobs, but O and Ds are failing to mobilize the nation against them.

With massive layoffs from big corporations how is this justified. Possibly they haven't been counted yet. Then there is the old fall back "discouraged workers leaving workforce. "

Jobless_in_Ma wrote:With massive layoffs from big corporations how is this justified. Possibly they haven't been counted yet. Then there is the old fall back "discouraged workers leaving workforce. "

11,000+ Borders, 11,000+ Cisco, 1,000 Goldman Sachs, 4,000+ FAA employees due to Congress inaction, thousands of FAA subcontractors, Boston Scientific, Merck........ This is why it went down:[i]

U.S. stocks were poised for a higher open Friday, following a much better-than-expected monthly jobs report.

http://money.cnn.com/2011/08/05/markets/premarkets/index.htm?hpt=hp_t1

(Can I use the "flaming finger" without being banned? )

Jobless_in_Ma wrote:

Hiring picked up slightly in the U.S. in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.

The Labor Department said Friday that employers added 117,000 jobs last month. That's an improvement from the past two months.

The mild gain may ease investors' concerns after the Dow Jones industrial average plummeted more than 500 points over concerns that the U.S. may be entering another recession.

http://www.npr.org/2011/08/05/139015996/wall-street-awaits-a-nail-biter-of-a-jobs-report?ps=cprs

Hello! It takes 250,000 jobs created in a month to be good news, Also June was 95,000 and 22,000 more jobs in July isn't good news at all! Its not only weak job numbers but useless job numbers. But I am sure we'll hear how things are great again and hear this is a positive sign.. Yeah RIGHT!

Wait until monh or so when all the postal workers and other gov. jobs are laid off. We're on BAD numbers in August, how can anyone expect better numbers going into winter.. Oh! Sorry, but Christmas hiring will be a sure sign that we are in a recovery! That is if there is any Christmas hiring! Mess!

exhaustedandtired/1208 wrote:

Jobless_in_Ma wrote:

Hiring picked up slightly in the U.S. in July and the unemployment rate dipped to 9.1 percent, an optimistic sign after the worst day on Wall Street in nearly three years.

The Labor Department said Friday that employers added 117,000 jobs last month. That's an improvement from the past two months.

The mild gain may ease investors' concerns after the Dow Jones industrial average plummeted more than 500 points over concerns that the U.S. may be entering another recession.

http://www.npr.org/2011/08/05/139015996/wall-street-awaits-a-nail-biter-of-a-jobs-report?ps=cprs

Hello! It takes 250,000 jobs created in a month to be good news, Also June was 95,000 and 22,000 more jobs in July isn't good news at all! Its not only weak job numbers but useless job numbers. But I am sure we'll hear how things are great again and hear this is a positive sign.. Yeah RIGHT!

You are right about that. Read the article I posted the link to from CNN Money. BS! BS! BS!

We all know that after yesterday's crash there was NO WAY the jobs report would be negative. That would of sealed the deal on a DD and the world markets would plummet.
Bottom line is consumer confidence is still extremely low. Corporations aren't going to hop off the mounds of cash they have and start creating jobs over this BS report.

Next Obama will be on giving a pep talk and all will be right in the world.

Dow up 150+ at open.

They succeed in their plan

"The mild gain may ease investors' concerns after the Dow Jones industrial average plummeted more than 500 points over concerns that the U.S. may be entering another recession".

LOL "mild" more like INSIGNIFICANT, NON-FACTOR, PATHETIC...........

DesperateInRI wrote:Dow up 150+ at open.

I think as far as the stock market is concerned was a reaction to the debt debates and a end result. Now the markets will stabilize to stability BUT is not going to jump by leaps ad bounds to reflect things are going to get great!
Why! Because 1, Obama has no stable plan to improve the economy.Throwing money are rail and roads and bridges. He amazes me by suggesting again he thinks this will turn the economy around. I say again, how the hell can throwing money at one sector that may employ or (dig this, go to construction companies that already have employee's on payroll). They low bid and get jobs with their regular staff of employee's(construction workers) and may rehire a few laid off workers. BUT WHAT ABOUT THE OTHER MILLIONS WITHOUT JOBS AND ARE NOT CONSTRUCTION WORKERS!!!
2. Nothing is going to happen until after 2012 elections and there will be constant ups and downs motivated by election politics!
3. Obama is really very egotistical and thinks no one can read through him by trying to get more stimulus money and laying to special interest (self serving) and then get bragging rights and from those jobs saved or newly created from construction rehiring and he'll brag and say how well the economy is doing! Hello, But this supports his goal and keeps him in control.He doesn't want the economy to grow and jobs recovering too greatly, then he'll lose control over money and special interest groups... He is self serving and has a mission!

If the private sector posts all those phony job ads that don't exist, then we are to believe that 117,000 new jobs added is the TRUTH? Labor Department ASSUMES that every person that goes off unemployment insurance has gotten a job. Notice the highlighted letters in ASSumES? That's what they are. You are not making an ASS out of me. This is all BS!

Oh! We the 99er's and unemployed are his sheep's! Or should I say his sacrificial lambs! His eyes are on tea partiers and repub. agendas thats why we are sacrificial lambs! He caves on repub. and tea party agendas and spits in the unemployed faces, but yet makes speeches with the same rhetoric and keeps us looking dumb and says" I am going to concentrate on jobs". He makes these statements and how he is making plans on creating things that are in the future but gets us so excited. But then we realize we have been snookered by his mesmerizing speeches that come up empty again! But we fall for it! I would like to give him credit for something but there is nothing he has done to give him credit for.. Whoop's, Health care that is going to drive up cost and rammed through with consequences unseen yet! Hum!

TOO OLD TO HIRE IN PA wrote:If the private sector posts all those phony job ads that don't exist, then we are to believe that 117,000 new jobs added is the TRUTH? Labor Department ASSUMES that every person that goes off unemployment insurance has gotten a job. Notice the highlighted letters in ASSumES? That's what they are. You are not making an ASS out of me. This is all BS!

exhaustedandtired/1208 wrote:

DesperateInRI wrote:Dow up 150+ at open.

I think as far as the stock market is concerned was a reaction to the debt debates and a end result. Now the markets will stabilize to stability BUT is not going to jump by leaps ad bounds to reflect things are going to get great!

I disagree with this. What we are seeing is 1937 all over again. I guess our politicians don't study their economic history too well. Just as America was recovering from the Great Depression, the R's slashed the Federal budget, sinking the country into another depression/recession that we didn't come out of until WWII.

may be right! But I also think 1937 is a stretch, but time will tell!

IMHO, this is just prolonging the inevitable, and if the market does go up today, it's just bargain hunters going in, trying to make a quick buck. Then they'll take their money and run, and the market will continue its downward slide.

Also, I have a feeling that at some point, the number of hirings will be revised downwards. August will be a bad month, because at the end of the month the summer jobs begin to come to an end, and the rest will end in September. HOLD ON TO YOUR HATS!!

It is on its way down again. About 20 minutes ago, it was down almost 200 points.

its getting scarier everyday! Where are we headed?

Yah, this is total malarkey. I can't link to it, because I was warned not to, but I did blog about last month's jobs report, showing in detail exactly how it was falsified.

They add in imaginary jobs, a number they just make up, which they claim to have been created by startup businesses and therefore not reported. They adjust previous months downward, and arbitrarily move those jobs forward into the month now being reported on, and they have a bunch of other tricks to massage the numbers and make them look better.

The jobs report is a big stinky pile of horse biscuits.

Just like unemployment dropped because most gave up looking! I hate that terminology and it too is an example of bullshi*. imagine millions out of benefits saying, Nah, I ain't looking Hell I don't need or want a job. Idio ts who writes this stuff ought to be unemployed!

exhaustedandtired/1208 wrote:Just like unemployment dropped because most gave up looking! I hate that terminology and it too is an example of bullshi*. imagine millions out of benefits saying, Nah, I ain't looking Hell I don't need or want a job. Idio ts who writes this stuff ought to be unemployed!

DesperateInRI wrote:It is on its way down again. About 20 minutes ago, it was down almost 200 points.

Now the markets are up! The Dow is moving 5 or 10 points a second! I never seen the market this volitle (down 200 points 30 minutes ago, up 100 points now)!