WTF!!!! 67,000 new private sectors jobs created and the rate RISES

[bigdarryl]

To 9.6% I'm started to think this is done on purpose to make Obama look like he isn't creating any jobs http://www.huffingtonpost.com/2010/09/03/unemployment-rate-august_n_704627.html

[Pirate Smile]

1. Over 500k joined the job market. 290k found jobs. The rest were now included in the unemployment #s

It was a better then expected number.

[scheming daemons]

2. It rose because it is a measure of those that are looking for work... that number went up

Because many more people began looking for work again.


The reason the number did NOT go up in June and July is because many workers got discouraged and gave up, thus taking themselves out of the numbers.

[bigdarryl]

4. YEAH OK!!!

[DrDan]

3. read the whole article

54K lost
1/2M restarting their job search

[bigdarryl]

5. Looks like the biggest problem with job lost is Government jobs

I know thats true because in NJ 670 police officers have been laid off this year so far and more are expected and teachers are having a problem also.

[flpoljunkie]

6. The market futures jumped over 100 when the news came out.

They were not expecting a gain of 67,000 jobs.