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Don't get too excited about the top line jobs number, Kelly Evans reminds, since it's inflated...

Don't get too excited about the top line jobs number, Kelly Evans reminds, since it's inflated by the 45,000 striking Verizon (VZ) workers who were subtracted from the August number were added back in for September. In other words, underlying job growth is roughly half as strong as today’s headline number suggests.
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Comments (9)
  • Tack
    , contributor
    Comments (14582) | Send Message
     
    Sorry, August revised up 57K, so this assessment falls flat.
    7 Oct 2011, 08:41 AM Reply Like
  • The Enterprising Value Inve...
    , contributor
    Comments (560) | Send Message
     
    was just gonna post that. How can you say it was a shift from August when August was revised up more.

     

    There is a reason why he's a reporter...
    7 Oct 2011, 08:45 AM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (7177) | Send Message
     
    Exactly. What about when Sept gets revised up over the next 2 reports. Thats the biggest issue with the jobs report. Everybody gets all worked up over the original number and down the road its drastically different.
    7 Oct 2011, 08:46 AM Reply Like
  • Conventional Wisdumb
    , contributor
    Comments (1802) | Send Message
     
    The prior revisions were actually quite good - an extra 100k jobs.

     

    Much better than the alternative.
    7 Oct 2011, 08:54 AM Reply Like
  • Ted Bear
    , contributor
    Comments (641) | Send Message
     
    So, we're 150,000 or so short of maintaining equilibrium?
    7 Oct 2011, 08:54 AM Reply Like
  • SivBum
    , contributor
    Comments (2089) | Send Message
     
    Don't forget the 200K a month of boomers retiring from the work force.
    7 Oct 2011, 09:06 AM Reply Like
  • wyostocks
    , contributor
    Comments (9105) | Send Message
     
    Summation, in other words things still suck.
    7 Oct 2011, 08:56 AM Reply Like
  • OptionManiac
    , contributor
    Comments (3414) | Send Message
     
    Local and state governments are bleeding jobs. Job growth is where it should be, making things. Jobs beget jobs beget jobs. Let's stay positive and keep our fingers crossed, there are lives out there that need to make a living.
    7 Oct 2011, 09:07 AM Reply Like
  • stalker001
    , contributor
    Comments (6) | Send Message
     
    Does that explain the market is up 1%?
    7 Oct 2011, 09:22 AM Reply Like
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