NYTimes Already Downplaying July Jobs Number Before Release

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?

 

Later today. Keeping powder dry until after lunch hour.

 

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.

 

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.)