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Subject Jobs Report = EPIC OBAMA FAIL! 15,000+ Manu Jobs LOST, 300,000+ "Deleted" From The Workforce, Unemployment Magically FALLS!
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Original Message Labor Force Participation Rate Falls To Lowest Level Since September 1981

HUGE BANK BAILOUTS COMING AGAIN, PER GOLDMAN

Last Month's Jobs number REVISED DOWN 20,000. BY 20,000!
From Jim Pethokoukis: If labor force rate had just stayed same as last month, unemployment rate would be 8.4%

The US generated just 96,000 non-farm payroll jobs, on expectations of 130K additions, and compared to the July number of 163,000, now revised to 143,000K.

Private payrolls rose by a modest 103,000, much lower than the expected number of 142K, and down from July's revised 162K. -15,000 manufacturing jobs were lost, compared to the expected +10K, and sadly just a little bit short of Obama's recent promise to add 1 million manufacturing jobs by 2016.

Finally, while the unemployment rate came lower (surprise, surprise: this is what appears in newspapers) at 8.1%, far lower than expectations of 8.3%, and below last month's 8.3%, the broad total underemployment rate (U-6) continues to be sticky at 14.7%.

Birth Death added 87,000, up from July's 52,000. The reason for the drop in the unemployment rate: labor force participation dropped to 63.5%

HOPEY-CHANGEY, SUCKERZ...
YOU VOTED FOR THIS IN 2008. Did you realize it, then?
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