Employers add no net jobs in Aug. 2011 ; rate unchanged

Discussion in 'Economy' started by Trajan, Sep 2, 2011.

  1. Trajan
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    Trajan conscientia mille testes

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    Q- how does Verizon count in all this? They were not locked out , they went on strike, they get to file for unemployment?

    Q- is the 'Stimulus' still saving jobs? :eusa_whistle:

    At least they didn't say "unexpectedly", the range the 'experts' predicted (and ADP) was 75,000.....



    Employers add no net jobs in Aug.; rate unchanged


    WASHINGTON (AP) -- Employers added no net workers last month and the unemployment rate was unchanged, a sign that many were nervous the U.S. economy could be at risk of slipping into another recession.

    The Labor Department said Friday that total payrolls were unchanged in August, the weakest report in almost a year. It's the first time since February 1945 that the government has reported a net job change of zero. The unemployment rate stayed at 9.1 percent.

    A strike by 45,000 Verizon workers lowered the job totals. Those workers are back on the job.

    Job gains in June and July were revised lower, to show 57,000 fewer jobs added. The downward revisions were all in government jobs. The average work week also declined and hourly earnings fell by 3 cents to $23.09.

    more at-

    News from The Associated Press
     
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  2. Meister
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    Meister VIP Member Supporting Member

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    Hmmmm, this isn't good at all.
    Having said that, I'm sure Obama's upcoming speech about job creation will take the jitters out of the market. All it will take is a "few more billion" in stimulus to jumpstart the debacle with shovel ready, union wage and benefit paying jobs. :rolleyes:
     
  3. strollingbones
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    strollingbones Diamond Member

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    the government seems to be willing to ignore the problem of no jobs.....imagine if people simply had jobs they would start spending again...we need to stop sending our raw resources oversee for them to make products to sell back to us
     
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  4. mudwhistle
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    mudwhistle Diamond Member

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    You can't create jobs without spending and the TEA PARTY won't let Obama spend.
     
  5. B. Kidd
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    B. Kidd Gold Member

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    If anyone doubts that a 9% plus unemployment rate is NOT the new normal, then you are not capable of an epiphany.
    Welcome to the new normal.
     
  6. Rozman
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    Rozman Gold Member Supporting Member

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    didn't we go down that road before with the spending mama jamma aka stimulus?:lol:
     

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