Author Topic: Jobs Disaster: Prez ZERO has 0 jobs gain in August 2011 - June/July revised -57k (Read 4756 times)

Soul Crusher · « **on:** September 02, 2011, 05:34:57 AM »

..JOBS REPORT DISASTER: ZERO NEW JOBS IN AUGUST
Joe Weisenthal | Sep. 2, 2011, 8:04 AM | 1,752 | 3

The number is out:

Disaster:

0K new jobs created in August.

A big fat goose-egg.

Private payrolls grew at an anemic 17K.

Manufacturing payrolls shrank by 3K.

Unemployment stayed at 9.1%.

Average hourly earnings sharnk by 0.1%.
.

Read more: http://www.businessinsider.com/the-august-non-farm-payrolls-report-2011-9#ixzz1WnX9RksY

Soul Crusher · « **Reply #1 on:** September 02, 2011, 05:39:34 AM »

Employers add no net jobs in Aug.; rate unchanged

CHRISTOPHER S. RUGABER | September 2, 2011 08:33 AM EST |
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WASHINGTON — Employers added no net workers last month and the unemployment rate was unchanged, a sign that many were nervous the U.S. economy is at risk of slipping into another recession.

The Labor Department says total payrolls were unchanged in August, the weakest report in almost a year. It's the first time since February 1945 that the government has reported a net job change of zero. The unemployment rate stayed at 9.1 percent.

A strike by 45,000 Verizon workers lowered the job totals. Those workers are back on the job.

Job gains in June and July were revised lower, to show 57,000 fewer jobs added. The downward revisions were all in government jobs. The average work week also declined and hourly earnings fell by 3 cents to $23.09.

________________________ _________________

HOW THE FUCK DID THE RATE STAY THE SAME?

Soul Crusher · « **Reply #2 on:** September 02, 2011, 05:49:30 AM »

Turns out we actually lost 87k jobs because they added in Birth Death Model jobs.

Not to mention the 135k a month we need just to stay at even keel.

dario73 · « **Reply #3 on:** September 02, 2011, 06:06:29 AM »

Quote from: 333386 on September 02, 2011, 05:39:34 AM

Employers add no net jobs in Aug.; rate unchanged

CHRISTOPHER S. RUGABER | September 2, 2011 08:33 AM EST |
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Compare 08:33 AM EST12:02 AM EST and 08:33 AM EST12:02 AM EST versions

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Job gains in June and July were revised lower, to show 57,000 fewer jobs added. The downward revisions were all in government jobs. The average work week also declined and hourly earnings fell by 3 cents to $23.09.

________________________ _________________

HOW THE FUCK DID THE RATE STAY THE SAME?

Exactly.

This administration is lying to the American public with every jobs report. Every month you see revisions of LOWER jobs added to the prior monthly job report. YET, THE UE REMAINS UNCHANGED. That is NOT POSSIBLE. Even if they are not counting people that have stopped looking for work and now are receiving welfare, or people who have retired or have passed away, the UE can't be 9.1. It has to be higher than that. MUCH HIGHER.

Soul Crusher · « **Reply #4 on:** September 02, 2011, 06:09:16 AM »

Again - anyone who can no naplin math can see obama and his marxist/communist aparatchiks are fudging the numbers.

dario73 · « **Reply #5 on:** September 02, 2011, 06:12:52 AM »

Quote from: 333386 on September 02, 2011, 06:09:16 AM

Again - anyone who can no naplin math can see obama and his marxist/communist aparatchiks are fudging the numbers.

Any second now there will be a post on this thread stating that Bush did the same thing.

EXCEPT, Obama ran on being the complete opposite of Bush. HOPE AND CHANGE!!! WHERE IS THE CHANGE BECAUSE HOPE HAS BEEN DEAD FOR 2 YEARS NOW!!!

Soul Crusher · « **Reply #6 on:** September 02, 2011, 06:17:27 AM »

Quote from: dario73 on September 02, 2011, 06:12:52 AM

Any second now there will be a post on this thread stating that Bush did the same thing.

EXCEPT, Obama ran on being the complete opposite of Bush. HOPE AND CHANGE!!! WHERE IS THE CHANGE BECAUSE HOPE HAS BEEN DEAD FOR 2 YEARS NOW!!!

Bama also has spent TRILLIONS UPON TRILLIONS in three years for this lousy result.

Please Straw Man - Blackass Benny - Andre and the other douchebags - defend this.

Soul Crusher · « **Reply #7 on:** September 02, 2011, 06:29:52 AM »

Unemployment & Payrolls Signal The Double-Dip Recession
24/7 Wall St. ^ | September 2, 2011 | JON C. OGG

The jobs recession is afoot, as if you did not already know that. The Labor Department reported a dismal figure of ZERO on the change in non-Farm payrolls for August. Furthermore, the unemployment rate was static at 9.1%. Bloomberg had consensus at 9.1% and the consensus for non-Farm Payrolls was 60,000. Keep in mind that Goldman Sachs just cut its estimates from 50,000 to 25,000 during yesterday’s trading session.

The government accounted for the zero factor, but the private sector only added 17,000 jobs. Again they are blaming Verizon Communications Inc. (NYSE: VZ) workers being some 45,000 of the figure, but this payrolls data is awful even if you try to pin a strike on the data.

That mystery gain from a month earlier was also corrected back closer to prior estimates. The figure for July was revised to 85,000 (from 117,000) in July and revised lower to 20,000 in June.

President Obama is set to unveil his jobs program next week, but at this point there is a simple question to ask: What difference does it make? That should have been done two years ago and it is obviously tied to the pre-election process.

The only good news here about calling a recession a double-dip recession is that it has actually been too long of a recovery to be considered a double-dip. Now the debate for the call of QE3 will increase.

Soul Crusher · « **Reply #8 on:** September 02, 2011, 06:46:37 AM »

I hope Andre and Mal will finally realize what this graph means in relation to the LFPR % which has collapsed.

If it wasnt for the BDI, we would have a rate far higher than today.

GigantorX · « **Reply #9 on:** September 02, 2011, 07:27:05 AM »

As Obama said himself at a campaign/fundraising speech a month ago, "WE AREN'T THERE YET!" and "I'M ONLY HALF WAY DONE!"

If this is 50% done...... $:-\$

240 is Back · « **Reply #10 on:** September 02, 2011, 07:30:08 AM »

If zero jobs cained is a "DISASTER"...

What do you call a loss of 500k jobs a month?

You must have used a REALLLLLLLY strong word for it when it happened to Bush.

No, wait, you were too busy bashing Biden's hair plugs back then. Silly me.

Soul Crusher · « **Reply #11 on:** September 02, 2011, 07:33:18 AM »

This is all so unnecessary. We could improve the situation tommorow:

1. Repeal Dodd Frank
2. Repeal Obamacare
3. Tell EPA to fuck off with the carbon rules
4. Re-open drilling in the gulf
5. Agree to the canadian pipeline
6. Disband the NLRB
7. Bring the wars to an end and use some of the $$$ to build up border fence and wall and put soldiers on the border

8. Amnesty for money held abroad
9. Tort reform as well as class action reform

240 is Back · « **Reply #12 on:** September 02, 2011, 07:34:33 AM »

you used the word DISASTER to describe zero job growth.

What word did/would you use to describe a situation where 500k jobs are LOST in a month?

It's gotta be WAY worse than disaster. Unless you were just being dramatic?

Soul Crusher · « **Reply #13 on:** September 02, 2011, 07:34:45 AM »

Quote from: 240 is Back on September 02, 2011, 07:30:08 AM

If zero jobs cained is a "DISASTER"...

What do you call a loss of 500k jobs a month?

You must have used a REALLLLLLLY strong word for it when it happened to Bush.

No, wait, you were too busy bashing Biden's hair plugs back then. Silly me.

LMFAO!

Soul Crusher · « **Reply #14 on:** September 02, 2011, 07:36:43 AM »

Quote from: 240 is Back on September 02, 2011, 07:34:33 AM

you used the word DISASTER to describe zero job growth.

What word did/would you use to describe a situation where 500k jobs are LOST in a month?

It's gotta be WAY worse than disaster. Unless you were just being dramatic?

We actually lost 200k jobs fool. BDI added 87k phoney jobs and you need 125 on top of that to stay even.

Soul Crusher · « **Reply #15 on:** September 02, 2011, 07:39:01 AM »

Quote from: 240 is Back on September 02, 2011, 07:30:08 AM

If zero jobs cained is a "DISASTER"...

What do you call a loss of 500k jobs a month?

You must have used a REALLLLLLLY strong word for it when it happened to Bush.

No, wait, you were too busy bashing Biden's hair plugs back then. Silly me.

11. When One Side Does Something Wrong, Always Point to Something Wrong on the Other Side

The best part about this one is that it doesn't even have to be remotely related to the thread.

Did your conservative anti-gay rights congressman just take it up the ass? Well, you better get in that thread and point out that Nancy Pelosi wants free airplane rides.

Did your President just rack up trillions of dollars of debt? Well, you know what to do...

240 is Back · « **Reply #16 on:** September 02, 2011, 07:41:21 AM »

Quote from: 333386 on September 02, 2011, 07:39:01 AM

11. When One Side Does Something Wrong, Always Point to Something Wrong on the Other Side

The best part about this one is that it doesn't even have to be remotely related to the thread.

Did your conservative anti-gay rights congressman just take it up the ass? Well, you better get in that thread and point out that Nancy Pelosi wants free airplane rides.

Did your President just rack up trillions of dollars of debt? Well, you know what to do...

I'm not accusing bush of anything. I'm accusing YOU of selective dramatization.

I'm accusing YOU of using scary words like "disaster". Dude, 911 was a disaster. Tsunami in japan was a disaster. This is an economic fart.

So, it's not about Bush - cause obama had 500k loss months too. This is about YOU BEING A DRAMA QUEEN using words like 'disaster' for a month where the overall net was actually plus a few thousand jobs.

Disaster. So please, tell us what you call the japanese Tsunami. Remember, words like DISASTER are reserved for months with only 17k new jobs.

240 is Back · « **Reply #17 on:** September 02, 2011, 07:43:22 AM »

So looking at recent months where we did add jobs. What do you call those?

If breaking even is a DISASTER.... what do you call the last SEVEN months where we added jobs?

Tragic? Gruesome? Horrendusly Tear-wrenching?

Soul Crusher · « **Reply #18 on:** September 02, 2011, 07:43:29 AM »

Quote from: 240 is Back on September 02, 2011, 07:41:21 AM

I'm not accusing bush of anything. I'm accusing YOU of selective dramatization.

I'm accusing YOU of using scary words like "disaster". Dude, 911 was a disaster. Tsunami in japan was a disaster. This is an economic fart.

So, it's not about Bush - cause obama had 500k loss months too. This is about YOU BEING A DRAMA QUEEN using words like 'disaster' for a month where the overall net was actually plus a few thousand jobs.

Disaster. So please, tell us what you call the japanese Tsunami. Remember, words like DISASTER are reserved for months with only 17k new jobs.

LMAO - yeah - entering in to a second double dip while 15 million are jobless, things are collapsing everywhere is nothing but a fart.

Everything is fine.

Soul Crusher · « **Reply #19 on:** September 02, 2011, 07:45:01 AM »

Quote from: 240 is Back on September 02, 2011, 07:43:22 AM

So looking at recent months where we did add jobs. What do you call those?

If breaking even is a DISASTER.... what do you call the last SEVEN months where we added jobs?

Tragic? Gruesome? Horrendusly Tear-wrenching?

We didnt add a damn thing. We lost jobs. We added phoney jobs that dont exist and more and more and more people are entering the workforce age without jobs and less people are even looking.

240 is Back · « **Reply #20 on:** September 02, 2011, 07:51:07 AM »

Quote from: 333386 on September 02, 2011, 07:45:01 AM

We didnt add a damn thing. We lost jobs.

1) How many jobs did we lose last month, net?

2) How do you plan to break open the conspiracy that they're all lying

3) You still haven't answered - If this month is a DISASTER, what was September 2008 considered?

Soul Crusher · « **Reply #21 on:** September 02, 2011, 07:55:03 AM »

Quote from: 240 is Back on September 02, 2011, 07:51:07 AM

1) How many jobs did we lose last month, net?

2) How do you plan to break open the conspiracy that they're all lying

3) You still haven't answered - If this month is a DISASTER, what was September 2008 considered?

It was a catastrophe. WTF is wrong with you? And by the way - your chart is nonsense that compares only a few months of bush to 3 years of obama

240 is Back · « **Reply #22 on:** September 02, 2011, 07:58:48 AM »

Quote from: 333386 on September 02, 2011, 07:55:03 AM

It was a catastrophe. WTF is wrong with you? And by the way - your chart is nonsense that compares only a few months of bush to 3 years of obama

So.....

Disaster = zero jobs gained.
Catastrophe = 500k jobs lost.

___________ = Japan Tsunami (10k people dead and $300 billion in costs)?

James · « **Reply #23 on:** September 02, 2011, 08:11:45 AM »

First time since 1945...

WASHINGTON — Employment growth ground to a halt in August, as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the struggling economy.

Nonfarm payrolls were unchanged last month, the Labor Department said Friday. It was the first times ince 1945 that the government has reported a net monthly job change of zero.The August payrolls report was the worst since September 2010, while nonfarm employment for June and July was revised to show 58,000 fewer jobs.

http://www.msnbc.msn.com/id/44370462/ns/business/#.TmDxrGMxWHs

dario73 · « **Reply #24 on:** September 02, 2011, 08:20:52 AM »

Quote from: James on September 02, 2011, 08:11:45 AM

First time since 1945...

WASHINGTON — Employment growth ground to a halt in August, as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the struggling economy.

Nonfarm payrolls were unchanged last month, the Labor Department said Friday. It was the first times ince 1945 that the government has reported a net monthly job change of zero.The August payrolls report was the worst since September 2010, while nonfarm employment for June and July was revised to show 58,000 fewer jobs.

http://www.msnbc.msn.com/id/44370462/ns/business/#.TmDxrGMxWHs

I think that qualifies this month as a disaster. Don't you think?