Jobless rate takes a big jump
hk wrote:
Carilyn wrote:
On Sep 5, 2:27 pm, JimH wrote:
On Fri, 5 Sep 2008 12:06:02 -0700 (PDT), Carilyn
wrote:
On Sep 5, 11:57 am, wrote:
On Sep 5, 12:05 pm, wrote:
On Fri, 5 Sep 2008 07:09:26 -0700 (PDT), Carilyn
wrote:
On Sep 5, 9:04 am, wrote:
On Sep 5, 9:54 am, wrote:
On Sep 5, 8:51 am, hk wrote:
wrote:
On Sep 5, 8:43 am, hk wrote:
Jobless rate soars to 6.1%
Unemployment surges to 5-year high as employers cut workers
for eighth
straight month, bringing '08 job losses to 605,000.
NEW YORK (CNNMoney.com) -- The unemployment rate soared to a
nearly
five-year high in August, topping 6%, as employers trimmed
jobs for the
eighth straight month, according to the latest government
reading Friday
that came in weaker than forecasts.
The big surprise in the report was that the unemployment
rate rose to
6.1%, the highest level since September 2003. That's up from
the 5.7%
rate in July and 4.7% a year ago. Economists surveyed by
Briefing.com
had forecast the rate would remain unchanged from the July
reading.
There was a net loss of 84,000 jobs in August, according to
the Labor
Department, compared to a revised reading of a 60,000 job
loss in July.
Economists surveyed by Briefing.com had forecast a loss of
75,000 jobs.
With the August report, the U.S. economy has now lost
605,000 jobs so
far this year.
Manufacturing lost 61,000 jobs, while construction
employment fell by
8,000. But the job losses were widespread beyond those two
troubled sectors.
Retailers trimmed 20,000 jobs despite the back-to-school
shopping season
that is second only to the holiday period for many stores.
Business and
professional services, a broad category that includes
industries such as
accountants, consultants and legal services, lost 53,000
workers.
Leisure and hospitality cut 4,000 jobs.
The few sectors showing gains were government as well as
education and
health services, which gained 72,000 between them to temper
the losses
elsewhere.
But while economists generally study the payroll numbers
most closely in
this report, it's the unemployment rate that registers with
most
Americans when they think about the labor market.
The jump is likely to be a new blow to consumer confidence,
which had
just started to show gains from earlier lows due to
declining gasoline
prices. And if consumer confidence starts to fall again, it
could put a
brake on spending which in turn would be a new drag on the
economy.
The unemployment rate doesn't even tell the whole picture
about how
difficult the job market has become. It only counts those
who looked for
work during the month, not unemployed people who want jobs
but who have
become discouraged from looking for work. And it also
doesn't count
those who want full-time jobs but can only find part-time
position.
The so-called underemployment rate, which includes those two
other
groups, rose to 10.7%, the highest reading since 1994.
Dah'ling, I've been monitoring this group for some time, as I
live on
a houseboat. I was wondering about you. All you ever seem
to do is
paste DNC articles and columns here, and insult other
posters. Do you
have an inferiority complex?
No, I don't live on an houseboat.- Hide quoted text -
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I read that sometimes an inferiority complex and the resultant
behavior is cause by a small weiner. Is this you secret
problem?- Hide quoted text -
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It can also be caused from traumatic child abuse, say, not enough
attention, or the wrong kind of attention from a close male family
member of friend.. If you look at the innuendo harry brings up
all the
time, he has some real sexual issues.. I have a feeling harry
suffered
some pretty serious abuse as a young boy...- Hide quoted text -
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And being a fat man with a small weiner doesn't bode well for him as
an adult.
You seem pretty obsessed with Harry's Weiner. Do you swallow?-
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Oh, surely you can be more of a low life scum than that! Harry will
teach you.- Hide quoted text -
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If Harry was ever arrested for public exposure, I'll bet his best
defense would be de minimis non curat praetor. Do I need to
translate? I think not.
I am not defending Harry.......but you are obviously a sock puppet of
some member here.
Right Dah'ling? wink.wink- Hide quoted text -
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Wrong Honey, I love on a houseboat in Chattanoga and have been
monitoring this group for a while.
Bull****, bull****, and more bull****.
Here ISP is Harbor Communications. Do you know anyone else who uses
Harbor Communications?
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