{"id":1223,"date":"2007-10-05T09:23:19","date_gmt":"2007-10-05T14:23:19","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/2007\/10\/now-this-fact-will-surprise-economists\/"},"modified":"2007-10-05T12:48:25","modified_gmt":"2007-10-05T17:48:25","slug":"now-this-fact-will-surprise-economists","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2007\/10\/now-this-fact-will-surprise-economists\/","title":{"rendered":"Now THIS Fact Will &quot;Surprise&quot; Economists"},"content":{"rendered":"<p>From CNNMoney.com&#8217;s <a target=\"_blank\" href=\"http:\/\/money.cnn.com\/2007\/10\/05\/news\/economy\/jobs_september\/index.htm?section=money_news_economy\">Jobs gains back on track<\/a>:<\/p>\n<blockquote><p>U.S. payrolls posted a <strong>net gain of 110,000 workers in the month<\/strong>, according to the Labor Department report. That&#8217;s roughly in line with the forecast of a 100,000 gain by economists surveyed by Briefing.com.<\/p>\n<p><strong>The Labor Department also now estimates that August had a gain of 89,000 jobs, a big upward revision from the originally reported 4,000 job loss in August.<\/strong><\/p>\n<p>&#8230;<\/p>\n<p><strong>The July payroll reading was also revised higher by 25,000 jobs<\/strong> more than the earlier report. That means that there are 228,000 more Americans with jobs in this latest estimate, based on the September gain and the revisions, compared to the original reading from a month ago.<\/p><\/blockquote>\n<p>I will continue to shout this from the mountaintop &#8211; the present economy is quite strong in spite of the media&#8217;s reporting of it.<\/p>\n<p>UPDATE:  The spin begins:  <a target=\"_blank\" href=\"http:\/\/money.cnn.com\/2007\/10\/05\/news\/economy\/jobs_september\/index.htm?section=money_news_economy\">Job loss erased, but danger lurks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From CNNMoney.com&#8217;s Jobs gains back on track: U.S. payrolls posted a net gain of 110,000 workers in the month, according to the Labor Department report. That&#8217;s roughly in line with the forecast of a 100,000 gain by economists surveyed by Briefing.com. The Labor Department also now estimates that August had a gain of 89,000 jobs, a big upward revision from the originally reported 4,000 job loss in August. &#8230; The July payroll reading was also revised higher by 25,000 jobs more than the earlier report. That means that there are 228,000 more Americans with jobs in this latest estimate, based on the September gain and the revisions, compared to the&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2007\/10\/now-this-fact-will-surprise-economists\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[2,5],"tags":[],"class_list":["post-1223","post","type-post","status-publish","format-standard","hentry","category-hiring","category-trends"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-jJ","jetpack-related-posts":[{"id":1326,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/12\/more-surprised-economists\/","url_meta":{"origin":1223,"position":0},"title":"More Surprised Economists","author":"Derrick Moe","date":"December 7, 2007","format":false,"excerpt":"Why do the so-called experts consistently error on the doom-and-gloom side of economic prediction? The latest numbers via CNNMoney.com's Jobs grow more than expected: Employers added fewer workers to U.S. payrolls in November, according to a closely-watched government reading on labor market strength released Friday that still came in a\u2026","rel":"","context":"In &quot;Trends&quot;","block_context":{"text":"Trends","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/trends\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2043,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/06\/the-pain-of-a-lagging-indicator\/","url_meta":{"origin":1223,"position":1},"title":"The Pain Of A Lagging Indicator","author":"Derrick Moe","date":"June 6, 2009","format":false,"excerpt":"Hiring, that is, and it appears that it is going to be an even rougher road over the back half of 2009.\u00a0 If you are in the recruiting, hiring, assessing business you are aware of this fact.\u00a0 9.4% unemployment is remarkable.\u00a0 From abcnews.com: The percentage of people without jobs in\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1272,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/11\/hiring-remains-strong\/","url_meta":{"origin":1223,"position":2},"title":"Hiring Remains Strong","author":"Derrick Moe","date":"November 2, 2007","format":false,"excerpt":"The latest numbers are out and the experts are...drumroll please...\"surprised.\" From Reuters: Employers added a surprisingly strong 166,000 new non-farm jobs in October, well ahead of forecasts in an early sign that consumer incomes may be better supported than thought heading into the fourth quarter, according to a government report\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2113,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/09\/spin-defined\/","url_meta":{"origin":1223,"position":3},"title":"Spin Defined","author":"Derrick Moe","date":"September 30, 2009","format":false,"excerpt":"From a CNNMoney.com article this morning (emphasis mine): Private sector employment fell more than expected in September, but the pace of job losses continued to slow, according to a report released Wednesday. Automatic Data Processing, a payroll-processing firm, said private-sector employers cut 254,000 jobs in September, down from a revised\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2420,"url":"http:\/\/selectmetrix.com\/blogs\/2010\/09\/job-progress\/","url_meta":{"origin":1223,"position":4},"title":"Job Progress","author":"Derrick Moe","date":"September 1, 2010","format":false,"excerpt":"I\u2019m beginning to think we are becoming immune to employment reporting.\u00a0 A sentence from the beginning and end of a CNNMoney.com article (emphasis mine): The good news: Overall employers announced fewer planned job cuts. \u2026 Economists are expecting the report to show there were 120,000 jobs lost in August, an\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2467,"url":"http:\/\/selectmetrix.com\/blogs\/2011\/01\/a-hiring-boom\/","url_meta":{"origin":1223,"position":5},"title":"A Hiring Boom","author":"Derrick Moe","date":"January 4, 2011","format":false,"excerpt":"Well, it is good to be back at it after a nice Christmas break with the family.\u00a0 It is even better to come back to read an article like this one from CNNMoney.com.\u00a0 How about this: \"We're looking at some leading indicators on employment, and they're all flashing green lights,\"\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=1223"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/1223\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=1223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=1223"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=1223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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