U.S. Companies Cut Jobs for Seventh Month, Raise Unease About Recovery

[NNN0LHI]

Those tax cuts sure did the trick. I am starting to believe it isn't going to make any difference who the Dems run for president. People are going to want change. Any change from these idiots who are in charge right now will do.

Don

http://ap.tbo.com/ap/breaking/MGADO64P8KD.html

WASHINGTON (AP) - U.S. companies slashed payrolls for a seventh straight month in August, raising new worries that a weak jobs market could shackle the budding economic recovery despite a slight improvement in the overall unemployment rate.

Payrolls fell by 92,000 last month after a loss of 49,000 jobs in July, the Labor Department reported from its survey of U.S. businesses. Analysts had expected an improving economy to create 12,000 jobs.

"This suggests that we may be further than we thought from a truly sustainable economic recovery," said Bill Cheney, chief economist at John Hancock Financial Services Inc.

Based on a separate survey of households, the unemployment rate fell in August to 6.1 percent from 6.2 percent. Labor Department analysts said they believe the payroll statistics from the survey of businesses provides a more accurate picture of the economy because the survey the figures were based on a larger sample.

more

[tom_paine]

1. What recovery? The whole thing is a grotesque Stalinist Lie

With as much credibility of Bushevik, err, Bolshevik claims in the 70s of 600% increases of toilet paper productions.

Will it work on the Soveiet Citzienry, errr, the Imperial Subjects of Amerika?

My guess it yes yes yes it will.

[revcarol]

2. What is a larger sample than knowing how many jobs were slashed?

Yeah, the economy is heading up according to the Labor Dept.They believe payroll statistics more.

And payroll statistics show that workers have lost 3 per cent of their pay. Working harder for less. But you don't want to mention those statistics do you, Ms. Chao?

[NNN0LHI]

3. Look at this freaKer who thinks he is Einstein and has it all figured out

http://www.freerepublic.com/focus/f-news/977011/posts

To: Brian S

Why is the unemployment figure put out each month with a figure for jobs lost in the past month?

I never remember this being done before about 4 or 5 months ago.

Is this some kind of Leftist media bullshit or what?


2 posted on 09/05/2003 6:17 PM PDT by Az Joe

No Leftist media bullshit dummy. The reason you don't remember this ever happening is that you have a very short memory. This only happens when a Republican is in office. When Clinton was in office for 8 years we were gaining jobs every month. You just forgot how it was when old man Bush was president. Same thing was happening back then. Thats why he was a one termer like Junior is going to be. Idiot.