Expectators get ready for post-election JOBS report

On U.S. Growth, Economists Rein in Estimates

Economists on average are looking for jobs growth of just 90,000 in November, down from 171,000 in October, according to Briefing.com estimates.

The jobless rate is expected to budge barely higher, to 8% from 7.9%.

 

Don't Blame Me. I Voted for Mitt.

 

Plus, this just in. No Hope for Change:

 

New York Times Looks to Cut 30 Newsroom Positions

“These are financially challenging times,” Sulzberger said in a memo to employees. “The advertising climate remains volatile and we don’t see this changing in the near future.”

.... Sulzberger is looking to cut 30 newsroom positions, Executive Editor Jill Abramson wrote in a separate note to employees. She will have to eliminate staff if enough people don’t volunteer, she said. The Times has a total of about 1,100 newsroom employees.

Comments

[Mannie Sherberg]

Ah .. what a lot of mischief a little modifier can perform! Yahoo tells us the unemployment rate is expected to budge "barely" higher. That innocent-sounding "barely" hides -- or attempts to hide -- the cruel fact that a "bare" tenth of a percent translates into one helluva lot of human beings who'll be facing despair for perhaps the first time in their lives. Yahoo would've done better to drop the adverb and just say "higher." And how about Sulzberger's statement that the advertising climate remains "volatile." "Volatile" means "changeable" or "fickle." But if the ad market were merely changeable or fickle, that would mean it might quickly turn around and improve -- and in that case there'd be no need to fire 30 people. The truth is, the ad market isn't likely to change soon at all; it's in the dumps -- and is more likely to get worse before it gets better. That's why the NYT is cutting jobs. The proper adjective would've been "rotten" or "lousy" or even "worsening."

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