Friday, September 4, 2009

hot off the DJ newswire:

1232 GMT [Dow Jones] Nonfarm payrolls declined 216,000 in August, smaller than the 233,000 decline economists expected. July's figure was revised to -276,000, from -247,000. The unemployment rate grew to 9.7%, the highest level since June 1983 when the rate was 10.1%. (KGM)

that's great. just keep them coming in 'better than expected'. then simply revise the figure a month later. genius.