U.S. July, Aug. payrolls revised up 118,000

Discussion in 'Wall St. News' started by ASusilovic, Oct 5, 2007.

  1. The U.S. unemployment rate rose to 4.7% in September, but job growth was stronger than expected over the past three months, the Labor Department reported Friday. Nonfarm payrolls rose by 110,000 in September, including 73,000 in the private sector, very close to expectations of 113,000 total payrolls. Payroll growth in July and August was revised higher by 118,000, the government said. The unemployment rate ticked up to 4.7%, the highest in a year. The labor force expanded by 573,000, and employment as measured by the household survey rose by 463,000, the most in more than two years. The details of the report paint a picture of a stronger job market than expected and could lead financial markets to lower their expectations for another interest-rate cut by the Federal Reserve at the end of the month

    Thank you Helicopter BEN ! :p
  2. lol, if any previous month can be adjusted by such massive margins as is frequently the case, why would anybody pay attention to the number at all? doesn't that make the releases sort of.... meaningless from a policy making perspective?
  3. Take a look at the sell-off in T-Bonds and T-Notes ! This must be "punished" by bond traders !:p
  4. because Helicopter Ben can lick asses to his bosses at Goldman and Citi and cut rates using thse false reports as a reason
  5. oil at $80.

    gold going through the roof.

    commodities record highs.

    employment very srtrong.

    i knows lets cut rates.

  6. Ben never met a helicopter he didn't like.
  7. the US govt is up to its eyeballs in manipulative unethical fraud here. it seems like the message is ... don't fight us, we will steal right in front of your faces before we will let the markets correct in any meaningful way
  8. Can we sue the fed for market manipulation?
  9. nkhoi

    nkhoi Moderator

    the message is this is man-made problem so 'the man' can fix it the way he wants it fixed.
  10. that's why the BLS has so much power... and creates these reports as it's needed/ asked.
    #10     Oct 5, 2007