U.S. Firms Add 57,000 New Jobs in Sept.

[dennis4868]

The nation's unemployment rate held steady at 6.1 percent in September as businesses added to payrolls for the first time in eight months, suggesting a turnaround in the weak job market.

A survey of U.S. companies showed a net increase of 57,000 jobs last month in wide-ranging industries, the Labor Department reported Friday, and there was new hope for recovery in the slumping manufacturing sector. Some 29,000 factory jobs were lost, but that was considerably fewer than in previous months.

Economists had expected the overall civilian unemployment rate to rise to 6.2 percent, with a loss of 25,000 more jobs.

http://www.washingtonpost.com/wp-dyn/articles/A38764-2003Oct3.html

I never know whether or not to trust the statistics that come from this government. They have lied so many times.

[Girlfriday]

1. I saw them touting this report on CBNC's Sqwakbox

this morning. I don't believe it.

[Media_Lies_Daily]

2. The government only counts those people collecting...

...unemployment as being unemployed. Quite a few of the TOTAL number of unemployed are either not eligible for unemployment, or have given up looking for a job once their unemployment benefits ran out. Therefore, the real number of unemployed is somewhere in the range of 8.5% to 9.5%. That's a BIG number.

[dennis4868]

3. Hasn't the government always....

counted and based their numbers on those people collecting unemployment? How else could they do it?

[HFishbine]

7. They also

do a household survey, which frequently has different results.

[SOS]

8. U1-U6

There are 6 indicators of unemployment used by the DoL.
U3 measures those collecting unemployment insurance and is used as the official number. This number is not the actual number of unemployed persons in the US.
The U4-6 numbers reached levels nearing 10% last year, so the Bush cronies at Labor stopped posting the #s at their web site.
After 2002 the U4-6 figures simply read "data not available".
For your reference:
http://www.bls.gov/news.release/empsit.t12.htm

[E Pluribus Unum]

All businesses are required

to thake out taxes on employees. As soon as they hire an employee
they are required by law to report the persons SS # and other information to the government. The gov. simply counts the total
employees. I own two businesses so I know how it works.

[E Pluribus Unum]

11. All businesses are required

to thake out taxes on employees. As soon as they hire an employee
they are required by law to report the persons SS # and other information to the government. The gov. simply counts the total
employees. I own two businesses so I know how it works.

[ElsewheresDaughter]

5. MLD correct! i heard 10%

[ElsewheresDaughter]

4. unemployeement #s come out today ... i heard there are 400,000 new claims

so where are these 57,000 new jobs the military industrial complex?

[punpirate]

6. Keep in mind that it's the beginning of October....

Christmas season is upon us, and some firms are probably hiring in anticipation of that. Net loss of manufacturing jobs, so the likelihood of this hiring is part- and full-time Christmas help, mostly retail sector. It's supposed to be _new_ jobs, but....

Keep this 57,000 net job increase in mind in January, when Christmas layoffs begin and see if it figures into the unemployment figures, or permanent job loss figures.

[mandyky]

9. I was thinking the same thing

companies are gearing up for the holidays.

[zbdent]

10. Great! Only 3,443,000 more to go to get

back to Clintonian employment levels!

[Paulie]

12. I WANT TO KNOW!!!!

If these new jobs are for people being hired to fill positions for people who were called up? It's not a net increase in jobs, it's basically a temp hire, because those people when they return from duty are entitled to their job back!