Lose jobs, bolster economy? huh?

[RBHam]

Payrolls plunge 93,000, but unemployment rate edges down

Wire reports
WASHINGTON — Employers cut jobs in August at the fastest pace since March, the government said in an unexpectedly downbeat report Friday showing that businesses are continuing to cut jobs even as some areas of the economy are recovering.

The number of workers on U.S. payrolls outside the farm sector slid 93,000 in August after dropping 49,000 in July. Economists had expected a modest increase.

more...

http://www.usatoday.com/money/economy/employment/2003-09-05-jobless-rate_x.htm

[Beetwasher]

1. Smoke and Mirrors

This is an old story though, from Sept.

[tom_paine]

2. Soviet-style lies...we have entered the era of Soviet-style lies

Yeah...and toilet paper production is up 600%, comrade.

I knew it was coming. A blind man could see that. I had just hoped it wouldn't be here so damned SOON.

[random]

3. If the tax cuts have told the wealthy anything...

it's that they are rewarded for downsizing. We've known this since Reagan. One need only look at Sony's stock price right after they announced layoffs of 20,000. And the GDP growth of 7.2%, look to Iraq, Halliburton and Bechtel.