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Reply to "Republicans Betting Against America"
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[quote=Anonymous][quote]Over the next 24 hours, it will be interesting to watch attitudes toward the jobs report that comes out Friday morning. Republicans have been banking on a poor report dulling any bounce resulting from the Democratic convention. However, that report may turn out to be better than expected. [b]The expectation is that 125,000 jobs will be created.[/b][/quote] Unexpectedly, employment growth remained weak in August, [b]with just 96,000 new positions created[/b] but the unemployment rate dropped to 8.1 percent, according to a report that raises the possibility of more Federal Reserve easing. The decline in the jobless rate came primarily because [b]the labor force participation rate fell to 63.5 percent, its worst level in more than 30 years[/b]. The rate only fell because 370,000 people have left the workforce. This is the smallest workforce since Jimmy Carter was president. September 1981. [/quote]
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