Muddled US jobs picture likely to complicate Fed decision on bond-buying program

  • Article by: CHRISTOPHER S. RUGABER , Associated Press
  • Updated: September 6, 2013 - 4:55 PM

WASHINGTON — Employers are sketching a hazy picture of the U.S. job market for the Federal Reserve to weigh in deciding this month whether to reduce its stimulus for the economy — and, if so, by how much.

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clnorthSep. 6, 13 7:43 AM

Another month of pathetic job numbers and the previous month "adjusted" downward. Welcome to the Obama recovery. Food stamps for all!

formergopSep. 6, 13 7:45 AM

Here comes the faux spin on how these numbers are wrong or not good enough. Ready, wait for it.

kleindropperSep. 6, 13 7:49 AM

And now the real data: July employed - 144.285M, August employed: 144.170M (-115K). "Not in labor force" July: 89.957M, Aug: 90.473M (+516K). So 114,000 few people are employed and a half a million taken off the labor rolls?!?! Abysmal. Labor participation remains at historic lows of 63.2%.

goferfanzSep. 6, 13 7:53 AM

Here comes the spin about how "great" the downward revisions or ever-shrinking participation rate is a good thing. Wait for it........Have you gotten your 7 trillion in new debt worth???

darkcircleSep. 6, 13 7:54 AM

Does anyone know that unemployment in Minnesota was 5.2% in July?

clnorthSep. 6, 13 7:55 AM

formergop. What spin? These numbers speak for themselves. 30K fewer jobs than expected in August. 74k fewer created in June and July than originally reported. No spin needed. These are terrible numbers. Maybe we can print more money to create some more pork barrel projects. That will fix everything.

rshacklefordSep. 6, 13 8:01 AM

Don't care unless they are livable wage jobs that can support a family.

dogmanSep. 6, 13 8:11 AM

Good to see the 'glass half empty' crowd up in arms over positive numbers. Also interesting to see they consider people retiring as a negative... but I guess anything is bad if they can tie it to the president

dakcoguySep. 6, 13 8:12 AM

Is anybody else as tired of partisans trying to spin the unemployment numbers one way or the other every month based on their own personal ideology? If you want the real story of these numbers in a condensed version here you go: Although the summer and fall of 2008 made it appear differently, the US economy wasn't torn down overnight. The foreclosure crisis, the banking crisis both built up over a period of years. The bottom dropped out in the fall of 2008. So the economy didn't fall down overnight. It isn't going to completely rebound overnight either. There is no silver bullet here folks. Partisanship aside, the new jobs numbers are going to stay stubbornly stagnant. People, primarily those close to retirement, are going to continue to drop out of the work force. Over a period of years the rate of unemployment will continue to fall a tenth of a percentage point here and there. There is a recovery going on but its a very slow one and it is almost exclusively a private-sector recovery as governments at all levels are mostly continuing to cut staff, not hire staff. So, for all the free-marketeers out there who wanted the gov't out of the economy congratulations, you're getting the private sector economy you always said you wanted. If you don't like it, well, there's an old saying about being careful what you wish for.

dlzabzSep. 6, 13 8:17 AM

Summer of Recovery part V!!!


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