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U.S. Adds 169,000 Jobs In August
Fox Business, by Dunstan Prial

Original Article

Posted By:JoniTx, 9/6/2013 8:56:15 AM

The U.S. economy added just 169,000 jobs in August, a number that will likely prolong the debate over when and how the Federal Reserve should start scaling back its easy-money policies. The headline unemployment rate fell to 7.3%, according to numbers released Friday by the U.S. Department of Labor, down from July’s rate of 7.4%. Economists had forecast an increase of 180,000 jobs. Anticipation has been high for the government’s August jobs data because it’s widely believed the Fed is poised to start winding down its $85-billion-a-month bond purchasing program known as quantitative easing, possibly as soon as this month.

      


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Reply 1 - Posted by: uno_thatguy, 9/6/2013 9:01:09 AM     (No. 9508166)

By the math I learned fewer jobs means higher unemployment. Hmmmmm!

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Reply 2 - Posted by: jackson, 9/6/2013 9:05:47 AM     (No. 9508179)

I just read this good news in the N Y Times. Unemployment "ticked down" and job growth was "just below" expectations. Yay!!

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Reply 3 - Posted by: TunnelRat, 9/6/2013 9:17:42 AM     (No. 9508193)

So "unexpectedly" has become "just below expectations"?

Apparently, even the New York Times no longer expects much...

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Reply 4 - Posted by: Engrpat, 9/6/2013 9:21:12 AM     (No. 9508199)

The jobs added were, for the most part, part time and low income. Someone please tell again about the great recovery.

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Reply 5 - Posted by: justavoter, 9/6/2013 9:29:31 AM     (No. 9508217)

I wonder how many people have to be taken out of the work force to get us to the 5% "full employment" number?

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Reply 6 - Posted by: lil dotty, 9/6/2013 9:37:38 AM     (No. 9508225)

Double speak democrats had best find a new definition of ´recovery´

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Reply 7 - Posted by: bldrrepub, 9/6/2013 9:53:09 AM     (No. 9508258)

FTA: Adding to the disappointing headline numbers, the Labor Department said fewer jobs were created in June and July than initially reported.

Not surprised.

But hey! The stock market is near all-time highs!

Guess what is going to happen when the Fed stops writing all those phony checks from their phantom HELOC?

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Reply 8 - Posted by: john56, 9/6/2013 9:57:56 AM     (No. 9508265)

Adult workforce participation rate is down to 63.2% or something like that, lowest in decades.

Millions aren´t shown on the off-the-job unemployment numbers because they have (1) given up trying to find a job in Obama´s America (2) figured out a way to get a disability check (the new "long term unemployment plan") (3) would rather be layabouts, cashing in on multiple EBT cards and other benefits (see Obama´s illegal DWI uncle and public housing auntie in Mass, or (4) struggling in low-wage part time jobs, the only real "hiring" in Obama´s America today.

Of the 169,000 jobs, only a handful are real, full-time, living wage jobs. The other 168,992 are part-time, 20-30 hour a week, low paying jobs. You know, the ones Democrats and their media whores derided as "hamburger flipper" jobs when Republicans were in power.

Basically, we got 84,500 people got two part time jobs last month.

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Reply 9 - Posted by: nimby, 9/6/2013 10:11:20 AM     (No. 9508286)

Agree with #1. Just as the labor dept ignores the number of people who have permanently dropped out in looking for work, can we also fudge the number of voters and let a low number vote?

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Reply 10 - Posted by: kjack, 9/6/2013 10:11:30 AM     (No. 9508287)

The MSNBC report says that the June figure was adjusted from ~160,000 to 104,000!!

I wonder how bad the numbers would be if Dear Reader wasn´t focused like a laser beam on jobs?

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Reply 11 - Posted by: horacer, 9/6/2013 10:15:56 AM     (No. 9508303)

More BLS BS. The household survey shows 604,000 fewer people working in August. 1.4 million left the workforce. What a recovery! Gallup is closer to the truth. The have the unemployment rate at 8.6, close but still lower than reality.

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Reply 12 - Posted by: geoguy, 9/6/2013 10:44:24 AM     (No. 9508366)

This recovery feels like the Carter recession. We are just slogging along putting one foot in front of the other just to get through to a time when the economy really begins to move. Everyone seems depressed and just going through the motions. There is no excitement, no up side to your job anymore. At the high tech company where my son works raises and bonuses are meager and infrequent although the company has $100+ billion in cash reserves. This is crazy.

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Reply 13 - Posted by: ida Lou Pino, 9/6/2013 11:12:10 AM     (No. 9508427)

But - - but - - but - - didn´t these same folks tell us a month ago that 162.000 jobs were "created" - - but today they´re telling us that the actual number was only 102,000?

Oh, my - - a "surprising" downward revision? Of 60,000 jobs - - or 37% of the original estimate?

Gee - - I wonder how far downward next month´s "surprising" revision will be?

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Reply 14 - Posted by: john56, 9/6/2013 11:26:53 AM     (No. 9508461)

But the good news on that revision is that only 30,000 people aren´t employed than they thought ... 60,000 part-time jobs divided by the 2 jobs people need to be "fully employed" equals 30,000.

Welcome to Obama;s America.

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Reply 15 - Posted by: STLstudent, 9/6/2013 11:40:19 AM     (No. 9508489)

Don´t believe it.

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Reply 16 - Posted by: Ben Around, 9/6/2013 12:36:32 PM     (No. 9508616)

FTA - "For instance, in many instances when the monthly unemployment rate ticked lower – as it did in August -- it did so not because more Americans found work in the previous month but because significant numbers of people left the workforce altogether."

The 7.3% is as phony as a $3.00 bill. Fewer jobs than needed to keep up with the population growth were created every month, yet the unemployment rate has decreased all year. Really????
As many of the posters said, don´t believe it!



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Reply 17 - Posted by: Democracy First, 9/6/2013 1:46:05 PM     (No. 9508751)

Part time jobs or near minium wage "jobs." Where are the real jibs, Øbunghole? Why did you refuse to meet even once with the jobs commission and then disband them 4 years later? Why are white , middle-class males singled out in this recession? Why do you hate us, Øbunghole? Why have you chosen to redistribute our inckme and weLth? What did we ever do to you?

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Reply 18 - Posted by: ColonialAmerican1623, 9/7/2013 2:28:45 AM     (No. 9509610)

Were they navigators ?

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