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View Diary: Daily Kos Elections Morning Digest: Roscoe Bartlett sees student loans on the path to the Holocaust (167 comments)

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  •  not great (2+ / 0-)
    Recommended by:
    badlands, bythesea

    especially as June and July numbers were both revised downwards by 20k. But at least the u/e rate dropped.

    •  Basically a negative report (5+ / 0-)

      Not a disaster, but not good.

      ADP overshoots again, big time.  

      “The country tried everything Romney says, and it brought the economy to the brink of collapse”

      by Paleo on Fri Sep 07, 2012 at 05:38:03 AM PDT

      [ Parent ]

      •  Never Again..... (4+ / 0-)
        Recommended by:
        LordMike, KingTag, bythesea, stevenaxelrod

        .....should any of us pay one minute of attention to the ADP report because for the entire year of 2012 it's been off by about 50,000 jobs.  

      •  Basically a positive report (1+ / 0-)
        Recommended by:
        itskevin

        The point being this can be spun either way.  Jobs went up.  But not as much as we thought they were going to.  But the rate went down.  But that's because people gave up looking.  But it's much better than the disaster we had on our hands two years ago.  But the job growth is not keeping up with population growth.  But those people don't vote anyway.

        Jeebus Mareebus.  The only thing I learned taking an Economics class in high school: news about the economy is almost always BAD, for somebody, somewhere, sometime.  I learned decades ago to ignore Economists, who IMHO are nothing but a bunch of non-expert blatherers, just micrometers ahead of astrologers and Nutritionists in credibility.

    •  towards the low end of expectations (2+ / 0-)
      Recommended by:
      itskevin, stevenaxelrod

      but not a real negative shock is roughly how I'd characterise it. Probably not bad enough to take much shine off the DNC but it certainly doesn't provide any forward impetus.

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