No Jobs Created for August

Friday, September 2, 2011

As the U.S. prepares to celebrate the Labor Day weekend, perhaps we should consider renaming the official last holiday of summer, No Labor Day weekend.

For the first time since World War II, the U.S. economy had a net zero jobs created for a month.

Economists, proving they don’t know their ass from a hole in the ground, expected to see a net of 75,000 jobs created but, they were wrong.

The stock markets have slumped more than 10 percent since the beginning of May as concerns grew that the debt and deficit problem.

Unemployment holds steady at 9.1% and the more disturbing numbers show people “marginally attached to the labor force” rose to 2.6 million from 2.4 million. These are workers not included in the unemployment count because they had not sought work in the past four weeks.

After nearly three years in office, President Obama will at last outline a major jobs plan next Thursday but as the 2012 nears, it is likely to be too little, too late.

The jobless rate has stayed stubbornly high during the president’s term despite more than $800 billion in stimulus spending and the addition of more than $4 trillion to the national debt.

It has become abundantly clear President Obama’s policies are failing the American people at a time when real unemployment is closer to 22% nationally.

This entry was posted in Jobs, News, President Barack Obama, Unemployment, Worst President Ever and tagged , , , , . Bookmark the permalink.

5 Responses to No Jobs Created for August

  1. Joe in Colorado says:

    I predict, starting next year, the Obama reelection team will begin running ads showing how the president’s policies has created 2 million new jobs. This will be the buzz phrase: two million new jobs that weren’t there before.

  2. Brigadoon says:

    Obama waited three years to deal with unemployment. This peculiar game of chess he’s playing is really helping the very people who haven’t had success finding work in years and I’m sure they are just chomping at the bit to vote to reelect him to a second term. Not!

  3. Robyn says:

    What’s really dumb about Obama’s handling of the economy was he didn’t do enough. No one listened to Paul Krugman and now we’re in the same place we were three years ago. Unless of course you’re a hedge fund manager.

  4. Marcus Ybanez says:

    Hire Robert Reich to head up Labor.

    Stop getting in bed with every former employee of Goldman Sachs and expecting superior, economic results. The boys and girls from Goldman Sachs are the people responsible for getting us into this dire economic situation. Wake up, Barry before you’re voted out of office.

  5. Harry says:

    The “adult in the room” hasn’t learned austerity measures fail. Obama hasn’t learned the historical lessons of 1937. What a chump Mofo.

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