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"A comprehensive, collaborative elections resource."
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Economic Headlines You Won't See on The Drudge Report
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| Parent(s) |
Issue
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| Contributor | RP |
| Last Edited | RP Aug 07, 2009 01:03pm |
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| Category | Blog Entry |
| Author | Nate Silver |
| News Date | Friday, August 7, 2009 03:00:00 PM UTC0:0 |
| Description | -- Job losses slowed to 247,000, their lowest total since a year ago, beating expectations by roughly 100,000.
-- The unemployment rate actually *declined* to 9.4 percent from 9.5
percent.
-- May and June job loss estimates have been revised *downward*.
-- Hourly earnings improved.
-- The average workweek lengthened, particularly in manufacturing.
-- The manufacturing sector added jobs on a seasonally-adjusted basis.
-- The NASDAQ will open today about 33 percent higher than when Obama took office.
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