Friday, September 07, 2012

Bracing for today's crucial employment report

[Updated.] The numbers are out, and they aren't good.

My original post: A slew of surprisingly strong economic reports raises the chances that today’s critical August employment report will be better than had been anticipated by Wall Street economists.

Earlier this week, economists surveyed by MarketWatch forecast the U.S. added a weak-to-moderate 120,000 jobs last month, down from an initial estimate of 163,000 in July. After yesterday's reports, economists pushed up their forecast to 125,000.

The Labor Department is to release the August employment report at 8:30 a.m. ET.

14 comments:

  1. SO WHAT

    If you're in Detroit or Cinci -- you're F'd.

    Hiring is nearly dead because anyone with a brain knows, HUGE taxes and 100000000s of new regulations start up next year.

    Duh.

    ReplyDelete
  2. Obviously 8:05 doesn't know WTF he is talking about. Must be in management.

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  3. Really, 10:12? How?

    WTF do you know? All your friends employed in jobs they want to be in?

    Bring it. Waiting.

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  4. you're unemployed aren't you?

    it's been brought soooo?

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  5. Jobs up 96,000, BUT . . .

    Labor force contracted by FOUR TIMES (368,000) as many. That's how you get to 8.1% from 8.3%

    As Mark Twain is supposed to have said: "There are lies, damned lies, and statistics".

    Anybody who doesn't think big taxes are coming Jan. 1 has their head in the asphalt. What's the first consequence of the Affordable Health Care Act (aka Obamacare)? According to the GAO, it's 4,000 new IRS agents dedicated to enforcement of the new law.

    ReplyDelete
  6. 14,000.

    According to the GAO, it's 4,000 new IRS agents dedicated to enforcement of the new law.

    12:43, you have provided nothing. Congrats, you can be a Gannettoid or a Harvard Law grad.

    ReplyDelete
  7. 14,000, actually.

    12:43, you have provided nothing. Congrats, you can be a Gannettoid or a Harvard Law grad.

    ---

    According to the GAO, it's 4,000 new IRS agents dedicated to enforcement of the new law.

    ReplyDelete
  8. Talk to advertisers, business managers and owners who support Gannett via their ad dollars and nearly all will tell you that the ACA and coming tax hikes via this administration will result in fewer jobs, not more. Less investment, not more and that includes in advertising and all here knows what that means...more alignment of Gannett’s resources with its revenues.

    Knowing the ACA costs at least $1 trillion more than the original $900 billion it was sold at gives them even more concern as most expect those costs will be added on top of what they’ll be expected to pay in January (yet, no one is writing stories about that one).

    Get ready.

    ReplyDelete
  9. WHO THE F IS SPENDING?

    There is money in savings accounts because Jane Doe is scared shitless by what is happening in the economy. Not spending a freaking dime.

    So, less advertising and less Gannett.

    Grim.

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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

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