Beneath Surface of Jobs Report Lie Some Ugly Truths

Skip navigation #headerOverlay{ color: #ccd6df; font-size:11px; line-height:130%; } #headerOverlay strong{ color: #ffd226; } #headerOverlay a {color:#ccd6df;text-decoration:none;} #headerOverlay a:hover {color:#ffd226;} #headerOverlay a:visited {color:#ccd6df;} #headerOverlay a:visited:hover {color:#ffd226;} Symbol Lookup onloadAutoSuggest(); var pgValue = "CNBSEB"; var cmsKeyWord = "alternative investing"; var cmsNewPG = "CNBWAB"; if ((cmsKeyWord.length > 0) && (cmsNewPG.length > 0)) { var newPG = cmsNewPG.split(';'); var group = cmsKeyWord.split(';'); if (newPG.length == group.length) { var description = cnbc_pagedesc.toLowerCase(); for(var x = 0; x < group.length; x++) { var keyWord = group[x].split('|'); for (var j = 0; j < keyWord.length; j++) { if (description.indexOf(keyWord[j].toLowerCase()) != -1) { pgValue = newPG[x]; j = keyWord.length; x = group.length; }}}}} if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(88,31,pgValue); } else { dapMgr.enableACB("SearchBox88x31",false); dapMgr.renderAd("SearchBox88x31","&PG=" + pgValue + "&AP=1071&PN=CNBC",88,31); } cnbc_displayUsername("cnbc_usertime","cnbc_username");RegisterSign InMember CenterSign OutRegistercnbc_toggleUserState();HOMENEWSMARKETSEARNINGSINVESTINGVIDEOCNBC TVCNBC 360CNBC PROU.S.Asia-PacificEuropeEconomyEnergyGreenTechnologyBlogsWiresSlideshowsSpecial ReportsCorrections if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(728,90,"CNBGE7"); } else { dapMgr.enableACB("USNewsBlogs728",false); dapMgr.renderAd("USNewsBlogs728","&PG=CNBGE7&AP=1390&PN=CNBC",728,90); } NetEveryone Is a Contrarian Indicator var cnbcSubHeaderId = document.getElementById('subheader_'+ 38911124); cnbcSubHeaderId.innerHTML = document.getElementById('renderReaderContent').innerHTML; Email: document.write("");document.write("NetNet"+"@"+"cnbc.com");document.write('');Call: 201-735-iNet (4638)Text Message: Text NETNET followed by your tip to 26221. if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(300,900,"CNBGE3"); } else { dapMgr.enableACB("USNewsBlogs300x250",false); dapMgr.renderAd("USNewsBlogs300x250","&PG=CNBGE3&AP=&PN=CNBC",300,900); } Current DateTime: 12:12:07 07 Aug 2011LinksList Documentid: 38910464Expiration DateTime: 8/7/2011 12:15:44 AM cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Use Tax Holidays to Fight Recession cnbc_commentCountMapObj.cnbc_commentCountMap_put("44038075", "38910464_1","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44038075", "38910464_1","cnbcCommentsTxt" ); Bank of America's Mortgage Problem Seems Far Worse Than Expected cnbc_commentCountMapObj.cnbc_commentCountMap_put("44038076", "38910464_2","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44038076", "38910464_2","cnbcCommentsTxt" ); Roubini: Italy Rescue Won't Work cnbc_commentCountMapObj.cnbc_commentCountMap_put("44038923", "38910464_3","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44038923", "38910464_3","cnbcCommentsTxt" ); Goldman Clearing Business Hits Glitch cnbc_commentCountMapObj.cnbc_commentCountMap_put("44037823", "38910464_4","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44037823", "38910464_4","cnbcCommentsTxt" ); Is a Tax Cut Consensus Building? cnbc_commentCountMapObj.cnbc_commentCountMap_put("44037436", "38910464_5","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44037436", "38910464_5","cnbcCommentsTxt" ); Meet the Hedge Fund Manager Being Sued for Allegedly Starting a Rival Firm While His Boss Was in Recovery cnbc_commentCountMapObj.cnbc_commentCountMap_put("44036469", "38910464_6","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44036469", "38910464_6","cnbcCommentsTxt" ); Eurotrash"”How Sovereign Debt Is Destroying Global Confidence cnbc_commentCountMapObj.cnbc_commentCountMap_put("44035766", "38910464_7","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44035766", "38910464_7","cnbcCommentsTxt" ); Today's Huge Lesson: The Stimulus Worked, but Keynesianism Failed cnbc_commentCountMapObj.cnbc_commentCountMap_put("44034948", "38910464_8","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44034948", "38910464_8","cnbcCommentsTxt" ); Rickards: Real Market Crack Up Might Come in 2013, Not 2011 cnbc_commentCountMapObj.cnbc_commentCountMap_put("44033904", "38910464_9","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44033904", "38910464_9","cnbcCommentsTxt" ); Beneath Jobs Report Surface Lie Some Ugly Truths cnbc_commentCountMapObj.cnbc_commentCountMap_put("44033486", "38910464_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44033486", "38910464_10","cnbcCommentsTxt" ); Goldman Sachs Client Execution Data Breaks Down cnbc_commentCountMapObj.cnbc_commentCountMap_put("44033108", "38910464_11","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44033108", "38910464_11","cnbcCommentsTxt" ); The Triple Dip cnbc_commentCountMapObj.cnbc_commentCountMap_put("44024082", "38910464_12","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44024082", "38910464_12","cnbcCommentsTxt" ); The Sun Is Setting On Our Rigged Markets? cnbc_commentCountMapObj.cnbc_commentCountMap_put("44023503", "38910464_13","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44023503", "38910464_13","cnbcCommentsTxt" ); Whitney: Right on Goldman, Right on Munis, Too? cnbc_commentCountMapObj.cnbc_commentCountMap_put("44019712", "38910464_14","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44019712", "38910464_14","cnbcCommentsTxt" ); Panicked Savers Now Paying for Bank Deposits cnbc_commentCountMapObj.cnbc_commentCountMap_put("44020301", "38910464_15","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44020301", "38910464_15","cnbcCommentsTxt" ); Geithner: The Reluctant Treasury Secretary cnbc_commentCountMapObj.cnbc_commentCountMap_put("44019713", "38910464_16","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44019713", "38910464_16","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Current DateTime: 12:13:16 07 Aug 2011LinksList Documentid: 39085620FacebookTwitterRSSCurrent DateTime: 12:13:16 07 Aug 2011LinksList Documentid: 38852222John Carney

Runs this joint.

Cadie Thompson

Really, really runs this joint.

Kate Kelly

Reports on the major Wall Street firms, trading, and regulation.

Jeff Cox

A staff writer with CNBC.com, covering the gamut of issues affecting the stock market and the economy.

Lori Spechler

A Senior Editor at CNBC, commodity trader in a former life.

Lori Ann LaRocco

A Senior Talent Producer at CNBC.

Nicole Lapin

Runs the graveyard.

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Current DateTime: 12:13:16 07 Aug 2011LinksList Documentid: 38910635Expiration DateTime: 8/7/2011 12:15:35 AM cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910635_1","cnbcCommentsTxt" ); World Leaders Hold Urgent Calls to Discuss Debt Crisis cnbc_commentCountMapObj.cnbc_commentCountMap_put("44044255", "38910635_1","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44044255", "38910635_1","cnbcCommentsTxt" ); When The Market Opens, It's Back to the Basics cnbc_commentCountMapObj.cnbc_commentCountMap_put("44046174", "38910635_2","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44046174", "38910635_2","cnbcCommentsTxt" ); China Tells US 'Good Old Days' of Borrowing Have Ended cnbc_commentCountMapObj.cnbc_commentCountMap_put("44044859", "38910635_3","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44044859", "38910635_3","cnbcCommentsTxt" ); Now Markets Have to Sort Through US Credit Downgrade cnbc_commentCountMapObj.cnbc_commentCountMap_put("44042522", "38910635_4","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44042522", "38910635_4","cnbcCommentsTxt" ); The $2 Trillion Error, Urgent Meetings and a Downgrade cnbc_commentCountMapObj.cnbc_commentCountMap_put("44043459", "38910635_5","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44043459", "38910635_5","cnbcCommentsTxt" ); S&P's Point Man: 'Our Duty to Make That Call' ... cnbc_commentCountMapObj.cnbc_commentCountMap_put("44043302", "38910635_6","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44043302", "38910635_6","cnbcCommentsTxt" ); ... Big Error, 'Flawed' Judgment Says US Treasury cnbc_commentCountMapObj.cnbc_commentCountMap_put("44043776", "38910635_7","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44043776", "38910635_7","cnbcCommentsTxt" ); Capitulation? Market Looks for Signs That Selloff Is Done cnbc_commentCountMapObj.cnbc_commentCountMap_put("44034816", "38910635_8","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44034816", "38910635_8","cnbcCommentsTxt" ); ECB to Start Buying Italian Bonds on Monday: Italy cnbc_commentCountMapObj.cnbc_commentCountMap_put("44040094", "38910635_9","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44040094", "38910635_9","cnbcCommentsTxt" ); Berkshire Hathaway Reports Its Profit Jumped 74% cnbc_commentCountMapObj.cnbc_commentCountMap_put("44041577", "38910635_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("44041577", "38910635_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910635_1","cnbcCommentsTxt" ); » HelpCurrent DateTime: 12:13:17 07 Aug 2011LinksList Documentid: 38851925Subscribe to this RSS feed

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setDefault('cnbc_textbody');Beneath Jobs Report Surface Lie Some Ugly TruthsPublished: Friday, 5 Aug 2011 | 10:20 AM ET Text Size By: Jeff CoxCNBC.com Staff Writer window.fbAsyncInit = function() { FB.init({appId: 'your app id', status: true, cookie: true, xfbml: true}); }; (function() { var e = document.createElement('script'); e.async = true; e.src = document.location.protocol + '//connect.facebook.net/en_US/all.js'; document.getElementById('fb-root').appendChild(e); }()); var sUrl = window.location; var str = ' Read Full Article »


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