On Fri, 07 Aug 2009 19:45:56 -0500, Vic Smith
wrote:

On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

...the Republicans are foched.


Surprisingly strong jobs data signal turning point

By JEANNINE AVERSA (AP) – 32 minutes ago

WASHINGTON — It's the clearest sign yet the recession is finally ending:
Employers laid off far fewer workers in July, the jobless rate dipped
for the first time in 15 months and workers' hours and pay edged upward.
Those are the kind of figures that could give Americans the
psychological boost necessary for recovery to take root after the worst
recession since World War II.

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and wages,
the new figures suggested the economy is in a transition from recession
to recovery.

Don't believe all that. The gov adjusted the figures by dropping off
those who have given up looking for a job.

There were also fewer jobs lost in July than in previous months.