NYTimes Already Downplaying July Jobs Number Before Release

[Tsing Tao]

Quote from Lucrum:

AND the unemployment rate ROSE.


Three cheers for the Obamanation <s>administration</s> regime!

Yes, and as usual, the Birth/Death adjustment factor was what made the job number come in positive. Actual full time employment jobs are down over 150,000. But if you worked one hour this week, you're employed! Part time jobs up big.

 

[Lucrum]

Quote from Tsing Tao:

Yes, and as usual, the Birth/Death adjustment factor was what made the job number come in positive. Actual full time employment jobs are down over 150,000. But if you worked one hour this week, you're employed! Part time jobs up big.

Is there no limit to what Washington will do to make things look better than they are?

 

[JamesL]

Quote from Tsing Tao:

Heh, that sell off doesn't look all that likely at the moment. Too Infinity and Beyond!

Crude is up $3!

Later today. Keeping powder dry until after lunch hour.

 

[Tsing Tao]

Quote from Lucrum:

Is there no limit to what Washington will do to make things look better than they are?

No, not really. But it doesn't matter. Statistic manipulation only gets you so far before reality sinks in.

 

[Lucrum]

Quote from Tsing Tao:

No, not really. But it doesn't matter. Statistic manipulation only gets you so far before reality sinks in.

Sinks in for who? The Obama supporters? I've been aware of it for some time now.

 

[Eight]

we have 160,000 new jobs, 135,000 people left the workforce and the markets rallied on the news... which is more irrational, the touchy feelie voters or the markets?

 

[Ricter]

Quote from Eight:

we have 160,000 new jobs, 135,000 people left the workforce and the markets rallied on the news... which is more irrational, the touchy feelie voters or the markets?

Of course investors monitor other variables. It has been a decent month for the economy, all things considered. Surprising number of underlying positives. (Sadly, my sector, oil and gas, is having a bit of a tough time right now.)