Keyword: BLS

Bush Has 'Worst Job Growth of the Last 40 Years' Despite 810,000 Job Injection Email Print

...by a wide Margin!

I kid you not. Today boasted the data release of 'Non-farm Payrolls' and the unemployment rate -- two of the most intensely watched measures of U.S. economic health.

This month showed that 51,000 jobs were created in the month of September -- about 80,000 FEWER than the market expected. However, August's job creation numbers were revised upwards by about 60,000 jobs. So the 2-month total came out slightly weaker than expected.

As expected, the Dollar dropped on that negative economic information -- but wait!

Along comes the 600 pound gorilla -- or maybe I should say the 810,000 pound gorilla.

That's right. Something called a 'Benchmark revision' to prior job creations were upped by an astronomical 810,000 jobs.

In all my years in the business, I've never heard of such an enormous revision -- almost clownish:O

Now comes the strange part...

Wait... There's more! (628 words in story)