August jobs report: 96,000 jobs added, unemployment 8.1%, 30-year low in workforce participation rate

posted at 8:31 am on September 7, 2012 by Ed Morrissey

The Bureau of Labor Statistics delivered yet another disappointing jobs report, this time the morning after Barack Obama’s speech claiming to be taking the nation in the right direction. Only 96,000 jobs were added to the economy, and while the jobless rate edged downward to 8.1%, that came from even more people leaving the workforce:

Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care.

The unemployment rate edged down in August to 8.1 percent. Since the beginning of this year, the rate has held in a narrow range of 8.1 to 8.3 percent. The number of unemployed persons, at 12.5 million, was little changed in August. …

Both the civilian labor force (154.6 million) and the labor force participation rate (63.5 percent) declined in August. The employment-population ratio, at 58.3 percent, was little changed.

That’s a new 30-year low in the civilian participation rate, lower than April’s 63.6%.  That’s the reason for the decline in the jobless rate.  The workforce decline artificially depresses the official unemployment rate.  If we had the same level of civilian participation as we did at the beginning of the recovery in June 2009 (65.7%), we’d be looking at a jobless rate of well over 10%.  The employment-population ratio dropped to 58.3% in August, not as low as last year’s 58.2%, but still bouncing along a generational bottom.  That measure was 59.4% at the beginning of the recovery.  Update: The workforce shrank by 368,000.

Interestingly, the U-6 measure declined to 14.7%.  As people leave the workforce, that number should increase.  Looking at the disconnect between the two, I’d guess that the number of people claiming disability went back up again, too. Looking at the A-6 table, it shows only a 29,000 jump in August, far below the nearly 300K increase in July.

CNBC reports that the previously sunny July report got downwardly revised, as did June, and that the report missed expectations in a big way:

But job reports for June and July were revised lower. The June count fell from 64,000 to 45,000, while July’s number came in at 141,000 from an originally reported 163,000.

Despite hopes that job creation would be better than expected, the monthly report fell short of economist expectations that 125,000 jobs were added for the month. The government said private payrolls increased by 103,000, about half the 201,000 that ADP reported Thursday.

Reuters also notes the big miss, and wonders whether the Fed will intervene now:

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. …

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.

A Fed intervention won’t help the economy; the product of the previous two QE efforts dissipated rapidly, as these numbers make very clear.  It will only serve to anger the public, which will rightly question why the political class hasn’t taken steps to resolve the regulatory and fiscal policies that drive stagnation.  That won’t help Obama, who barely mentioned jobs at all in his speech last night.

Update: I added “participation rate” to the headline for a more precise statement.


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Unexpected!

Chuckles3 on September 7, 2012 at 8:36 AM

R&R2012

screwauger on September 7, 2012 at 8:36 AM

HopeN(for)Change in November

OrbeaRider66 on September 7, 2012 at 8:36 AM

Hope is making a comeback!

RedRedRice on September 7, 2012 at 8:36 AM

Sad to say that all Democrats will see is that it went from 8.3% to 8.1%… Forward!

rhombus on September 7, 2012 at 8:36 AM

And the left will BRAG @ 8.1!!
UNbelieveable.

pambi on September 7, 2012 at 8:36 AM

Unexpected…

Obama my get re-elected..

By a whole bunch of unemployed…

Electrongod on September 7, 2012 at 8:37 AM

my = may..

Electrongod on September 7, 2012 at 8:37 AM

HEY TROLLS IT IS FLOW TO UE6 NOT GROWTH!

HE SUCKS SCOAMF SUCKS!

harlekwin15 on September 7, 2012 at 8:37 AM

The usual Democrat/media complex spin will be forthcoming. X number of consecutive positive jobs numbers. The unemployment rate went down. We’re on the right path. Etc, etc.

But even the drive-bys know this is bad and they’ll have a hard time putting a positive spin on it. Anything under 100k is anemic and when you lose a 1/3 of a million people from the workforce in one month, that’s not a good sign. Folks are just giving up.

Doughboy on September 7, 2012 at 8:38 AM

I bet we get to the 7′s by election time with their faux math.

conserv.photoman on September 7, 2012 at 8:38 AM

11.7% if all those folks were not continually scrubbed from the rolls….LIES AND MANIPULATION!

SDarchitect on September 7, 2012 at 8:38 AM

FORWARD.

Flora Duh on September 7, 2012 at 8:38 AM

War on women!!!

Dr. Carlo Lombardi on September 7, 2012 at 8:38 AM

FOUR. MORE. YEARS!

Meh!

herm2416 on September 7, 2012 at 8:39 AM

Hey…. I got it right yesterday…

antisocial on September 7, 2012 at 8:39 AM

Yet another failure… and yet more fudging of numbers regarding unemployment rate… Anyway the majority of voters have made up their minds regarding the reality of the economy and they know that it is very bad and that it is not going to enhance if this man is President for another four years…

mnjg on September 7, 2012 at 8:39 AM

And the left will BRAG @ 8.1!!
UNbelieveable.

pambi on September 7, 2012 at 8:36 AM

let ‘em the flow was to UE6 not growth….

more workers fell out….he spent 700 Billion for more than 23,000,000 unemployed…

Hey Libfree, hey Buy’em….

the empty chair Clint talked to has a higher IQ than King Putt that is why he was BEGGING!

YOU LOSE WE WIN

harlekwin15 on September 7, 2012 at 8:39 AM

FOR-(cough-cough)-WARD!

Why do I keep hearing that beeping sound? It’s like a garbage truck in reverse.

AubieJon on September 7, 2012 at 8:39 AM

We need to give him four more years to get to the magic tipping point where half of the population is on gubmint assistance.

He’s not finished.

tru2tx on September 7, 2012 at 8:39 AM

People will argue that the participation rate declines because workers retire. But that doesn’t mean the jobs they retired from went away.

How do they explain that?

JoeHanson on September 7, 2012 at 8:39 AM

The Romney and Super PAC ads must explain to people to WHY the unemployment rate is “falling” — because this is a JOKE.

matthew8787 on September 7, 2012 at 8:39 AM

MSNBC says this is a great news for Obama.

Why? According to all their pundits. “Because most people only look at the 8.1 number even though the parameters for the drop are people leaving the work force.”

Of course MSNBC is cheerleading for Obama by caring about how it affects the president and not the country. Bad for country is good for Obama. See a pattern here?

Bensonofben on September 7, 2012 at 8:39 AM

Yet we are supposed to “stay the course” and keep them in.

This is sad. What he’s done to our country is sad.

gophergirl on September 7, 2012 at 8:40 AM

Spin away

Right direction crapola

cmsinaz on September 7, 2012 at 8:40 AM

Just think, if enough people leave the workforce, funemployment will eventually hit zero!

pain train on September 7, 2012 at 8:40 AM

Goodbye Barack

Conservative4ev on September 7, 2012 at 8:40 AM

Meanwhile here in the Bakken, jobs go unfilled bcs there’s no place to live.
Strange times.

Badger40 on September 7, 2012 at 8:40 AM

The corrupt media is already pushing this as a good thing, facts be damned. Are people really so stupid to buy into their bull? Pray.

AmeriCuda on September 7, 2012 at 8:40 AM

The question is how ADP numbers are so far off compared to the BLS numbers? ADP numbers are over twice that of BLS (201,000 vs. 96,000)…

mnjg on September 7, 2012 at 8:41 AM

NO, NO PODEMOS!!!!

runner2300 on September 7, 2012 at 8:41 AM

11.7% if all those folks were not continually scrubbed from the rolls….LIES AND MANIPULATION!

Hopefully in some new ads. This is unbelievable.

matthew8787 on September 7, 2012 at 8:41 AM

Yup, as predicted….the statisticians working for the govt won’t do anything to upset their boss if they don’t have to. The rate will continue to drop for the next 2 months, and will be comfortably below 8% just in time for the election.

No matter what actually happens. obama wins with this.

Oddly enough, we’ve helped them create this propaganda windfall. We now have people so enamored of the only bottom line number out there, and the easiest to manipulate politically, that’s all they’ll hear.

The low info voters will once again get the guy they want, and without ever realizing he’s their ultimate downfall.

runawayyyy on September 7, 2012 at 8:41 AM

All together now…FOUR MORE YEARS…FOUR MORE YEARS…..!

SPGuy on September 7, 2012 at 8:41 AM

Obama says its unpatriotic for you people to pick on the economy. You damn flag burners.

Bensonofben on September 7, 2012 at 8:41 AM

One of Romney’s first acts as president should be to order the -real- Unemployment rate and GDP to be reported immediately instead of the gamed numbers we have now.
1) Remove government spending from GDP. Without the massive multi-trillion dollar spending increases by the government, GDP would have been down at depression levels and would still be in recession levels
2) Restore a realistic ‘workforce’ number. The workforce number will otherwise be gamed against us by the massive number of Democrat federal employees in the labor department to show minimal gains in the overall rate even as the country starts generating hundreds of thousands of jobs a month. Just add a million folks into the workforce, and look – ‘unemployment’ shoots up under Romney.

Professor_Chaos on September 7, 2012 at 8:42 AM

Both the civilian labor force (154.6 million) and the labor force participation rate (63.5 percent) declined in August. The employment-population ratio, at 58.3 percent, was little changed.

I have had little sleep last night, so I am not comprehending anything right now. What is the difference between the 63.5 percent thing and the 58.3 percent thing? They sound like the same thing to me. Is that what you meant to write?

karenhasfreedom on September 7, 2012 at 8:42 AM

This isn’t devastating for Obama, but it certainly puts him on the defensive going into the debates.

vinylsquares on September 7, 2012 at 8:42 AM

Incomplete!

maubman on September 7, 2012 at 8:42 AM

but, but, but………Dear Leader said last night the hope is still alive!

pilamaye on September 7, 2012 at 8:42 AM

McDonalds and Subway open about 1000 stores each year so……

docflash on September 7, 2012 at 8:42 AM

So I was right last night was his farewell speech

Conservative4ev on September 7, 2012 at 8:43 AM

I also forgot to add I heard crops in the fields in CA were left to rot in some places bcs there was no one who would hire out to pick them.
Bcs what is paid to pick & what welfare pays don’t match up.
So they stay at home & collect a free paycheck for doing nothing.

Badger40 on September 7, 2012 at 8:43 AM

Whatever it takes to get that number around 7.6% by late October. WHATEVER IT TAKES. It’s up to R&R and the PACs to get the real story out.

4Grace on September 7, 2012 at 8:43 AM

96,000 jobs added, unemployment 8.1%, 30-year low in workforce

SOOOOO about abortion…
–DNC

Gatsu on September 7, 2012 at 8:44 AM

Likewise, if Romney does cut spending dramatically, GDP will shrink under the current rules and there will be howls of ‘contraction’ in the economy, etc., even as private sector growth picks up.

Professor_Chaos on September 7, 2012 at 8:44 AM

The Unemployment Compensation President.

The Food Stamp President.

The Disability Benefits President.

Our national nightmare.

petefrt on September 7, 2012 at 8:44 AM

MSNBC says this is a great news for Obama.

Why? According to all their pundits. “Because most people only look at the 8.1 number even though the parameters for the drop are people leaving the work force.”

Of course MSNBC is cheerleading for Obama by caring about how it affects the president and not the country. Bad for country is good for Obama. See a pattern here?

Bensonofben on September 7, 2012 at 8:39 AM

Pandering to the stupid people.

redridinghood on September 7, 2012 at 8:44 AM

I also forgot to add I heard crops in the fields in CA were left to rot in some places bcs there was no one who would hire out to pick them.
Bcs what is paid to pick & what welfare pays don’t match up.
So they stay at home & collect a free paycheck for doing nothing.

Badger40 on September 7, 2012 at 8:43 AM

That makes my blood boil.

gophergirl on September 7, 2012 at 8:44 AM

This isn’t devastating for Obama, but it certainly puts him on the defensive going into the debates.

vinylsquares on September 7, 2012 at 8:42 AM

Less then 100 k jobs s really bad and hat was summer job report, sept will be worse

Conservative4ev on September 7, 2012 at 8:44 AM

Gallup’s chief economist was right – we got a “heroic adjustment”.

If all the 6,957,000 (on a seasonally-adjusted basis) who want a job but were not counted as part of the labor force were counted as unemployed, the unemployment rate would be 12.1%. Did I mention that number is 403,000 higher than it was last month and 488,000 higher than it was last August?

Steve Eggleston on September 7, 2012 at 8:44 AM

The low info voters will once again get the guy they want, and without ever realizing he’s their ultimate downfall.

runawayyyy on September 7, 2012 at 8:41 AM

Don’t be so pessimistic. The “low information voters” are the ones out of work or had their hours cut back. They feel the pain, they don’t need a number from the government to know things are out of whack.

karenhasfreedom on September 7, 2012 at 8:44 AM

The corrupt media is already pushing this as a good thing, facts be damned. Are people really so stupid to buy into their bull? Pray.

AmeriCuda on September 7, 2012 at 8:40 AM

Of course they are. How do you think they managed to elect this idiotic bunch in the first place?

runawayyyy on September 7, 2012 at 8:45 AM

My prediction the un employment numbers will be adjusted up wards after the election.

ColdWarrior57 on September 7, 2012 at 8:45 AM

but, but, but………Dear Leader said last night the hope is still alive!

pilamaye on September 7, 2012 at 8:42 AM

Hope for more food stamps…
Hope for more welfare…
Hope from consequences..

Electrongod on September 7, 2012 at 8:45 AM

People will argue that the participation rate declines because workers retire. But that doesn’t mean the jobs they retired from went away.

How do they explain that?

JoeHanson on September 7, 2012 at 8:39 AM

Keep in mind there are a whole lot less people retiring (especially baby boomers) than what was “expected”; one of the reasons college grads are having such a tough time finding jobs – boomers are keeping/taking them.

Many people have lost significant percentages of their wealth over the last few years and, as a result, are working longer than anticipated.

pain train on September 7, 2012 at 8:45 AM

I fear they will continue to manipulate the unemployment rate downward so by Nov it will be below 8%. The media will be cheering in an effort to build the big mo.

filetandrelease on September 7, 2012 at 8:45 AM

LOOK! OVER THERE! A FETUS!!! A GIANT WALKING VAJAYAY!!!

steebo77 on September 7, 2012 at 8:45 AM

Lemme get this straight. July was a bad month and unemployment rose from 8.2% to 8.3%. August was a worse month than July but unemployment dropped from 8.3% to 8.1%. And I’m supposed believe this nonsense? These numbers are cooked more than a three day old pot of chili.

tommyboy on September 7, 2012 at 8:46 AM

The rate will fall to 7.9% by election time. The pravda media can then trumpet how Obama, courageously, despite Rethuglican opposition and gridlock, guided our economy to 7% unemployment.

onetrickpony on September 7, 2012 at 8:47 AM

My prediction the un employment numbers will be adjusted up wards after the election.

ColdWarrior57 on September 7, 2012 at 8:45 AM

They will be adjusted upward next week. No one in the media will notice though.

They are ALWAYS adjusted upwards. All but I think 2-3 weeks out of the last 60+ or something from what I remember…

wildcat72 on September 7, 2012 at 8:47 AM

Sayonara Soetoro

ICanSeeNovFromMyHouse on September 7, 2012 at 8:47 AM

368,000 droppped out of the work force. 368,000 just gave up looking.

redridinghood on September 7, 2012 at 8:47 AM

I have had little sleep last night, so I am not comprehending anything right now. What is the difference between the 63.5 percent thing and the 58.3 percent thing? They sound like the same thing to me. Is that what you meant to write?

karenhasfreedom on September 7, 2012 at 8:42 AM

No, not everyone is in the workforce. Children under 16 are usually not considered to be in the workforce and neither are people on disability.

58.3% = of the entire population
63.5% = of people that can actually work

MobileVideoEngineer on September 7, 2012 at 8:47 AM

Even the AP says rate went down due to people giving up. Not good for the President.
Funny that CNN is saying job outlook “brightens” Dolts.
Anyone here here able to due the math to figure out just how many gave up ?

Jabberwock on September 7, 2012 at 8:48 AM

MSNBC says this is a great news for Obama.

Why? According to all their pundits. “Because most people only look at the 8.1 number even though the parameters for the drop are people leaving the work force.”

Of course MSNBC is cheerleading for Obama by caring about how it affects the president and not the country. Bad for country is good for Obama. See a pattern here?

Bensonofben on September 7, 2012 at 8:39 AM

Hence, Rick Santelli’s prediction that we’ll see U-3 in the 7′s before the election. Teh SCOAMF just needs another 300,000 jobless people to “heroically” stop looking for jobs to get there.

Steve Eggleston on September 7, 2012 at 8:48 AM

MSNBC says this is a great news for Obama.

Why? According to all their pundits. “Because most people only look at the 8.1 number even though the parameters for the drop are people leaving the work force.”

Of course MSNBC is cheerleading for Obama by caring about how it affects the president and not the country. Bad for country is good for Obama. See a pattern here?

Bensonofben on September 7, 2012 at 8:39 AM

MSDNC thinks everything is great news for Obama. They gave up any semblance of journalistic credibility a long time ago. The problem is the unemployment rate is still over 8% and the jobs number was weak.

Now granted there was that survey a few months ago that showed a lot of folks thought 69,000 jobs created in a month was actually good, but I think that 8% figure is key between now and the election. Unless enough people drop out of the workforce to drive it below that mark, Obama’s gonna have a tough time selling the country on 4 more years.

Doughboy on September 7, 2012 at 8:48 AM

So how does this thing that Obama said last night actually work??

Equal Opportunity…

Electrongod on September 7, 2012 at 8:49 AM

368,000 droppped out of the work force. 368,000 just gave up looking.

redridinghood on September 7, 2012 at 8:47 AM

Thank you for answering before I asked.

That is an incredable number.
Absolute DOOM for Obama.

Jabberwock on September 7, 2012 at 8:49 AM

THE SPIN……

WASHINGTON (Reuters) – 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.

……and JUNE AND JULY employment growth numbers were revised DOWNWARD.

June down from 64,000 to 45,000

July down from 163,000 to 141,000.

So not only did they pull nearly 400,000 out of the workforce base # but it only produced less than 1/2 (in August) of what is needed just to keep up with the population growth?

#DEVASTATINGtoObama

PappyD61 on September 7, 2012 at 8:49 AM

That makes my blood boil.

gophergirl on September 7, 2012 at 8:44 AM

Me too.
I remember reading the comments of the SoCal locals on the article site & a large number were defending the people who refused to do that work, saying that it was hard work & nobody should have to do that for $10-14/hour.
While I agree it’s hard work, as a ranch wife, I don’t get a real salary from our operation.
I work a hell of a lot harder on our ranch & make far less $$ than welfare people.
It’s why the hubby also trucks local & I teach HS.
But money is money.
People have so self respect or pride.
It’s terrible.

Badger40 on September 7, 2012 at 8:49 AM

runawayyyy on September 7, 2012 at 8:41 AM

Stop your doom and gloom non sense. The majority of voters are not going to fall for the manipulation of unemployment numbers and Romney/Ryan are going to make sure that the fudging of these numbers is exposed for everyone to see in TV ads…
PS: The “low information” voter vote democrat all the time and they have never voted Republican…

mnjg on September 7, 2012 at 8:50 AM

Don’t be so pessimistic. The “low information voters” are the ones out of work or had their hours cut back. They feel the pain, they don’t need a number from the government to know things are out of whack.

karenhasfreedom on September 7, 2012 at 8:44 AM

I can’t tell you how much I hope you’re right.

So far, I think I am. My prediction stands. UE3 will be reported as being well under 8% by election day, and that’s all they’ll see. Even if the real number is above 12%, no one he’s trying to reach will ever hear that through the media firewall.

runawayyyy on September 7, 2012 at 8:50 AM

less money to buy Sandra Fluke condoms…..sad

SDarchitect on September 7, 2012 at 8:50 AM

so=no

:P

Badger40 on September 7, 2012 at 8:50 AM

CNBC= QE3!QE3!QE3!QE3!QE3!QE3!QE3!QE3!QE3!QE3!
Such a joke.

AmeriCuda on September 7, 2012 at 8:52 AM

The Romney campaign/RNC/American Crossroads/Americans for Prosperity/Club for Growth, etc. need to pour some serious money into ads making sure the truth of the numbers is known by swing-state voters.

steebo77 on September 7, 2012 at 8:52 AM

CNN headline right now “Unemployment Rate Drops”
Thats all the stupid MTV generation will read….JOURNALISM MALPRACTICE

SDarchitect on September 7, 2012 at 8:52 AM

I have had little sleep last night, so I am not comprehending anything right now. What is the difference between the 63.5 percent thing and the 58.3 percent thing? They sound like the same thing to me. Is that what you meant to write?

karenhasfreedom on September 7, 2012 at 8:42 AM

No, not everyone is in the workforce. Children under 16 are usually not considered to be in the workforce and neither are people on disability.

58.3% = of the entire population
63.5% = of people that can actually work

MobileVideoEngineer on September 7, 2012 at 8:47 AM

Actually, both the 58.3% employment/population ratio and the 63.5% participation rate are based on the portion of the population who are at least 16 years old and are not either in the military or incarcerated, also known as the civilian noninstitutional population.

58.3% = the percentage of the civilian noninstitutional population who were working when the survey was taken (in this case, in mid-August)
63.5% = the percentage of the civilian noninstitutional population who either were working when the survey was taken or have looked for work sometime in the 4 weeks prior to the survey (in this case, between mid-July and mid-August

Steve Eggleston on September 7, 2012 at 8:52 AM

Hey…. I got it right yesterday…

antisocial on September 7, 2012 at 8:39 AM

Me too, but somehow it seems wrong to brag about it. LOL

Night Owl on September 7, 2012 at 8:53 AM

No, not everyone is in the workforce. Children under 16 are usually not considered to be in the workforce and neither are people on disability.

58.3% = of the entire population
63.5% = of people that can actually work

MobileVideoEngineer on September 7, 2012 at 8:47 AM

Thank you for that clarification.

Now, does anyone know the percentages at the peak of participation under Bush?

Also, how many adults enter the job market net each month (those turning 18, minus those legitimately retiring)?

Isn’t that number well into 6 figures per month?

karenhasfreedom on September 7, 2012 at 8:53 AM

But job reports for June and July were revised lower. The June count fell from 64,000 to 45,000, while July’s number came in at 141,000 from an originally reported 163,000.

Good Grief. It is even worse than just August.
No wonder he was empty last night.
Dead cat bounce indeed.

Jabberwock on September 7, 2012 at 8:53 AM

The economy has experienced three years of growth since the 2007-09 recession

Folks, the government can put out all the “official” numbers it wants (and can change them to spin all day long) but here in flyover country that recession NEVER ENDED!!!

#truckloadofcrap

PappyD61 on September 7, 2012 at 8:53 AM

Someone posted after last month’s report the percent change for executive, middle, and low income participation during Obama’s 4 years. Did anyone save that? Please repost it. Thanks.

AubieJon on September 7, 2012 at 8:53 AM

I can’t tell you how much I hope you’re right.

So far, I think I am. My prediction stands. UE3 will be reported as being well under 8% by election day, and that’s all they’ll see. Even if the real number is above 12%, no one he’s trying to reach will ever hear that through the media firewall.

runawayyyy on September 7, 2012 at 8:50 AM

The key is that this is true only for the low information voters who actually HAVE jobs. At the very least those who have been out of work for so long or those who have a throw away job just to get by will stay home and not vote.

MobileVideoEngineer on September 7, 2012 at 8:54 AM

The question is how ADP numbers are so far off compared to the BLS numbers? ADP numbers are over twice that of BLS (201,000 vs. 96,000)…

mnjg on September 7, 2012 at 8:41 AM

That actually is a monthly question. Given the household survey shows 119,000 fewer people employed, the tiebreaker goes against ADP.

Steve Eggleston on September 7, 2012 at 8:54 AM

“The unemployment rate dropped” and “96,00 new jobs added” is all you’re going to hear about in the media, and that will be enough for the uninformed vaunted swing voter to give Franklin Delano 0bama another look.

MidniteRambler on September 7, 2012 at 8:55 AM

Here comes another rise in the welfare and disability rates.

Philly on September 7, 2012 at 8:55 AM

You think O’Butthead didn’t already have this info when he phoned it in last night?

He knows it’s over, but don’t fret – he has a $35m estate in Hawaii bought & paid for waiting for him in January as a lovely parting gift.

We, however, have a sh!tstorm of a mess to clean up.

ICanSeeNovFromMyHouse on September 7, 2012 at 8:55 AM

The Bernanke is oiling up the printing presses as we speak. Traders will like this report because they don’t really care for Obama and they want some more cheap money… The rest of us, not too thrilled about the possibility of QE3 and our money losing more and more buying power.

This has got to stop.

Fallon on September 7, 2012 at 8:56 AM

368,000 droppped out of the work force. 368,000 just gave up looking.

redridinghood on September 7, 2012 at 8:47 AM

Thank you for answering before I asked.

That is an incredable number.
Absolute DOOM for Obama.

Jabberwock on September 7, 2012 at 8:49 AM

Did you see the liberal hacks on MSNBC spin this?
“I refuse to believe they gave up! We’re Americans!”

Marcus on September 7, 2012 at 8:56 AM

Looks pretty good to me. If you people weren’t so against TFGRP and his excellent policies, you would think so too.

Bishop on September 7, 2012 at 8:57 AM

Not sure why any of you folks believe a 7.9% unemployment rate is going to get Obama re-elected after 42 consecutive months of unemployment over 8%. The ball game’s over as far as the economy goes.

eyedoc on September 7, 2012 at 8:57 AM

If the stock market tanks today, what will be the lib excuse?

Philly on September 7, 2012 at 8:57 AM

Good Grief. It is even worse than just August.
No wonder he was empty last night.
Dead cat bounce indeed.

Jabberwock on September 7, 2012 at 8:53 AM

It can’t be bad. Morning Joe told me so. They said it was good news. Tailwind, they said. Tailwind.

PetecminMd on September 7, 2012 at 8:57 AM

Stop your doom and gloom non sense. The majority of voters are not going to fall for the manipulation of unemployment numbers and Romney/Ryan are going to make sure that the fudging of these numbers is exposed for everyone to see in TV ads…
PS: The “low information” voter vote democrat all the time and they have never voted Republican…

mnjg on September 7, 2012 at 8:50 AM

Ooooo, tough guy.

To assume no low info voter ever votes republican makes you look silly. If that were the case, no republican would ever hold elected office. Low info voters are the vast majority, no matter what your stupid little crystal ball says.

And if R&R were capable of making the case for the manipulation of these numbers (if they’ve even tried….perhaps you can tell me what either of them have said on the subject?), not one of the polls in this race would be close.

runawayyyy on September 7, 2012 at 8:57 AM

What a joke.

forest on September 7, 2012 at 8:58 AM

This looks like a good time to buy that SCAR I’ve been wanting.

Bishop on September 7, 2012 at 8:59 AM

This is what I predicted yesterday. Wait until next month when the rate is even lower. Sadly, Obama is going to win the election with all the help of the MSM and the “good” news on the economy. Stock up on silver and food, folks. It’s going to get ugly…soon.

Decoski on September 7, 2012 at 8:59 AM

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