Zero Jobs Added In August According To Jobs Report
This is an alarming setback for our economy that has been struggling for the last few years, and it could be the onset of another recession.
This is the weakest jobs report since September 2010.
It is the first time since world war II that the economy has had a net zero jobs created for a month...
This report will no doubt weaken the expectations of an economy pick up in the second half of the year.
We keep hearing obama say hiring is picking up but that’s not
so! The latest jobs report is dim. In August, small-business owners
reported job losses averaging .08 workers per firm over the last three
months. This follows a loss of .23 workers per firm reported in June
and .15 workers per firm in July.”
With hiring stagnant and wages declining, consumers won’t see much gain in incomes. This will limit the ability for people to spend, which undercuts economic growth. Consumer spending accounts for about 70 percent of the economy.
The economy’s weakness was underscored Thursday by the Obama administration, which estimated that unemployment will average about 9 percent next year, when President Barack Obama will run for re-election. The rate was 7.8 percent when Obama took office.
I predict we will see things worsen through next year with obama as the president. Ask yourself can America and her people undertake another 4 years of obamanation?
obama has always blamed Bush, but when our next president steps in the shoes of obama, what obama received from Bush will be a walk in the park compared to what a new president is going to be forced to take on after obama...
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