Jobs Report off by 180,000 jobs

[kcwayne]

Wall street traders were expecting the latest report to show non-farm payrolls had added 180,000 jobs but only 1000 jobs were added.

CBS Marketwatch Report

These clowns on Wall Street seem to know absolutely nothing about what is happening in this country. They keep inventing happy news to promote the Bush Junta, and the hard data keeps slapping them upside the head.

I would like to see the statistics on the average payroll value of those 1000 jobs added. My guess is they are minimum wage part-time jobs.

Get a clue Wall Street!!!! People in this country have no value, they are being replaced by cheaper labor elsewhere. Jobs aren't coming back. Quit reporting BS numbers like jobs anyway, and report a more meaningful number like payroll as a percent of GDP. Then watch the real trend lines which are heading straight down.

Oh wait, my bad. What am I thinking, you are not interested in the truth, you just want a fairy tale to use for fleecing more suckers.

[carpetbagger]

1. Why are economic stories always about the market?

Just a thought. The real answer is likely that the business news audience concentrates on that, but I think equally it's a failure of mainstream news organizations to walk the citizens they're supposed to inform through the information.

Similarly, the "news" doesn't seem to think it's important that our currency is limping.

[kcwayne]

2. This economic story is not about the market, its about jobs

Wall Street traders use reports like this to guage where they should take stock valuations, but if you read the report, its mostly about the employment/unemployment level in the country as a barometer to what's happening in the economy.

[Leilani]

3. The Media isn't Doing their Job

They just report what the administration tells them.

I've been a news junkie for a long time, & I can't believe the apethetic press corps. They don't question anything. They live in the same elite bubble as the politicos in Washington, & don't have a clue.

[ramapo]

8. You said it

I'm not the news junkie I once was since I can't stand to watch or read what passes for news.

The media today is mostly about entertainment, hype, and toeing the line if not explicitly cheering it.

Would today's media have broken the Pentagon Papers or Watergate? Maybe is the best I can say.

[kalian]

13. Right on!

This is HUGE news that the media should be blasting on the TVs.
It goes against what the repukes have been stating about the
economy...NOTHING has changed EXCEPT the fact that the rich got
richer and the middle class got raped.

[54anickel]

4. Your linky no worky.....Here's a link

http://cbs.marketwatch.com/news/story.asp?guid=%7BA1F74506%2D3C00%2D4473%2D8AB6%2DF3CB83A18588%7D&siteid=mktw

[RDANGELO]

5. This could be it folks.

This could be the end of ****'s economic recovery which lasted about three months.

[mastein]

7. Let's hope

I hate to wish ill on soldiers in Iraq, as I know some and really don't like seeing young folks die. I hate to wish ill to those less fortunate in finding a job. I really do, and it seems counter to my own progressive beliefs, but I know those are things needed to weaken the current cabal and get them defeated (again) later this year. It just makes me sad we have to endure this sort of pain to get there.

[mastein]

6. Wall Street needs Main St.

Having a prosperous economy with plenty of high paying jobs is an absolute need for wall street. They need folks with disposable income both to invest in their firms (ie. drive stock prices up) and to consume the goods and services the company's produce. That was proven beyond a shadow of a doubt during the stock run up of the mid 1990s. (Late 90s was a bubble, but not the early-mid 90s). I cannot see where having more discouraged workers (ie. those who cannot find work after unemployment runs out) being a good thing for anyone. Yes wages will go down but so will the standard of living, as a result companies especially tech companies will suffer.

[KayLaw]

9. I'm baffled and ticked off

It's outrageous that they could get it so damn wrong and they don't even explain how or why they screwed up so badly. Can you imagine any working person getting away with such shoddy work? How many people bought stocks yesterday on this cheery forecast only to lose today? I really want an explanation.

Sorry so angry.

[TrogL]

10. Dubya needed yesterday's quote really badly

We'll be hearing those fake numbers all the way up until the next election. The new numbers will be buried on page 147 and we'll never hear them again. If a candidate brings them out, he'll be accused of lying.

[Beetwasher]

11. I Can Explain

They just make up a number and hope for the best.

[waltisfrozen]

12. At this rate....

...he'll be able to reverse is 3 million job losses in about 250 years.