Image Source: Bureau of Labor Statistics

BY JIM FLINK

ANCHOR MEGAN MURPHY

Anemic. Sluggish.  Flat.  Any way you slice it, the latest jobless numbers don’t bode well for the U.S. economy.  The economy added just 96,000 jobs in August, and while that was enough to lower the unemployment rate to 8.1 percent, most everyone takes the improvement as anything but.  Here’s Bloomberg.

“Again, Betty, this number, 96000, that headline number, lower than people had expected.”

And while 8.1 percent unemployment is an improvement...

“The unemployment rate dropping to 8.11 percent.  That’s the lowest we have seen since April.”

it’s also not. On Al Jazeera, an analyst breaks down those numbers.

“The latest figures show that Obama has pretty much ended up where he started with a jobless rate of 8.1 percent, that’s 12.8 million people unemployed.”

Not surprising, then, that GOP Presidential challenger Mitt Romney would seize on the numbers with a recurrent campaign theme on Twitter.

“If last night was the party, this morning is the hangover. 43 straight months of unemployment above 8%. America deserves better”.

On C-SPAN, an NPR reporter notes, the prolonged state of sluggishness suggests, this economy is not getting kick-started, which is frustrating.

“It’s amazing how trapped in this very small range that we are...”

“...it’s 8.1, 8.2, 8.3., 8.1, 8.2. They’re all rounding errors.”

And the noted economist Nouriel Roubini notes on CNBC, when you take out other factors which might be spurring small growth, you end up with an economy unchanged.  Which means other changes are likely coming.

“You’re close to zero by next year, and that implies that, not maybe in September but by December, after the election, the Fed is going to do another round of quantitative easing, QE3.”

Speaking of QE3, The Fed policy committee is set to meet next week, September 12 and 13.

 

Weak Jobs Report Follows Obama Speech, QE3 Coming?

by Nichole Cartmell
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Transcript
Sep 7, 2012

Weak Jobs Report Follows Obama Speech, QE3 Coming?

 

Image Source: Bureau of Labor Statistics

BY JIM FLINK

ANCHOR MEGAN MURPHY

Anemic. Sluggish.  Flat.  Any way you slice it, the latest jobless numbers don’t bode well for the U.S. economy.  The economy added just 96,000 jobs in August, and while that was enough to lower the unemployment rate to 8.1 percent, most everyone takes the improvement as anything but.  Here’s Bloomberg.

“Again, Betty, this number, 96000, that headline number, lower than people had expected.”

And while 8.1 percent unemployment is an improvement...

“The unemployment rate dropping to 8.11 percent.  That’s the lowest we have seen since April.”

it’s also not. On Al Jazeera, an analyst breaks down those numbers.

“The latest figures show that Obama has pretty much ended up where he started with a jobless rate of 8.1 percent, that’s 12.8 million people unemployed.”

Not surprising, then, that GOP Presidential challenger Mitt Romney would seize on the numbers with a recurrent campaign theme on Twitter.

“If last night was the party, this morning is the hangover. 43 straight months of unemployment above 8%. America deserves better”.

On C-SPAN, an NPR reporter notes, the prolonged state of sluggishness suggests, this economy is not getting kick-started, which is frustrating.

“It’s amazing how trapped in this very small range that we are...”

“...it’s 8.1, 8.2, 8.3., 8.1, 8.2. They’re all rounding errors.”

And the noted economist Nouriel Roubini notes on CNBC, when you take out other factors which might be spurring small growth, you end up with an economy unchanged.  Which means other changes are likely coming.

“You’re close to zero by next year, and that implies that, not maybe in September but by December, after the election, the Fed is going to do another round of quantitative easing, QE3.”

Speaking of QE3, The Fed policy committee is set to meet next week, September 12 and 13.

 

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