FOW- A Storm A Brewin In Fool Em Land

Please note the following: ***The jobs created for June and July had to be corrected as being OVER stated by 41,000, which took (2) Two months to correct, isn't that cute and transparent, you can publish a "jacked-up" number and then casually correct your blown up number 60+ days later, with hopes that people only saw the first number. That means that any "jacked-up" numbers published today would NOT be able to be corrected before the election if the slow correction process remains just that, slow, gosh now who would that benefit, in all honesty of course. People, people, eyes open please!!





By Reuters
Posted Sep 7th 2012 @ 8:32AM
Filed under: Unemployment Trends and Stats, Employment News & Trends

By Lucia Mutikani

WASHINGTON -- U.S. jobs growth slowed more than expected in August, setting the stage for the Federal Reserve to pump additional money into the sluggish economy next week and dealing a blow to President Obama as he seeks reelection in November.

Nonfarm payrolls increased only 96,000 last month, the Labor Department said on Friday. While the unemployment rate dropped to 8.1 percent from 8.3 percent in July, it was largely due to Americans giving up the search for work.

The report's weak tenor was also underscored by*** revisions to June and July data to show 41,000 fewer jobs created than previously reported. The labor force participation rate, or the percentage of Americans who either have a job or are looking for one, fell to 63.5 percent -- the lowest since September 1981.

The lackluster report keeps the pressure on Obama ahead of the November vote in which the health of the economy looms large.

Economists polled by Reuters had expected payrolls to rise 125,000 last month, but some had pushed their forecasts higher after upbeat data on Thursday.

The economy has experienced three years of growth since the 2007-09 recession, but the expansion has been grudging and the jobless rate has held above 8 percent for more than three years -- the longest stretch since the Great Depression.



http://jobs.aol.com/articles/2012/09/07/us-jobs-growth-slow-in-august/?icid=maing-grid10%7Chtmlws-main-bb%7Cdl1%7Csec1_lnk3%26pLid%3D202457