Dear Jim,

Even though this article uses data distributed by the Bureau of Skewed Statistics, it still sounds terrible. Is MOPE’s effectiveness waning?

CIGA Marc

Dear Marc,

Measure MOPE in it real effectiveness against dollar value.

The dollar is the grand common denominator of every event out there, especially gold.

MOPE is losing its clout.

Regards,
Jim

42 states lose jobs in August, up from 29 in July; biggest cuts in Texas, Mich., Ga., Ohio
By Christopher S. Rugaber, AP Economics Writer
On Friday September 18, 2009, 3:01 pm EDT

WASHINGTON (AP) — Forty-two states lost jobs last month, up from 29 in July, with the biggest net payroll cuts coming in Texas, Michigan, Georgia and Ohio.

The Labor Department also reported Friday that 27 states saw their unemployment rates increase in August, and 14 states and Washington D.C., reported unemployment rates of 10 percent or above.

The report shows jobs remain scarce even as most analysts believe the economy is pulling out of the worst recession since the 1930s. Federal Reserve Chairman Ben Bernanke said earlier this week that the recovery isn’t likely to be rapid enough to reduce unemployment for some time.

The jobless rate nationwide is expected to peak above 10 percent next year, from its current 9.7 percent.

"You are seeing the pace of job losses slow a little bit," said Mike Lynch, a regional economist at IHS Global Insight. But states "are not out of the woods yet."

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