Zero Jobs Added In August According To Jobs Report
Angel
2011/09/02 15:36:05
The Dow has opened below 200 points this morning because employers have stopped adding jobs in August.
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.
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...
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...
Read More: http://pushbacknow.net/2011/09/02/no-new-jobs-adde...
Top Opinion
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mwg0735 2011/09/02 15:41:12
I remenber what my 6th grade teacher told ..................for you history can repeat itself IF you make a failing grade on this test!!
http://constitutionclub.org/2...
Wasn't ObamaCare supposed to boost the economy? Wasn't the stimulus supposed to cause hiring?
Obama thought he'd put $ into the economy by taking $ out of the economy then putting it back in, & taxing it as it passes through.
How's it working for us?
You socialists want to confiscate it.
finally on Friday obama listened to Boehner And Cantor and had the EPA stop the death of many more thousands of jobs
That's tantamount to thievery.
They are not job makers, they are a bunch of nutjobs.
You don't want to get called socialist, don't support socialism.
It's crazy to think otherwise.
That makes you a moonbat.
See how I supported my contention? That makes it more than ignorant namecalling.
Lost the argument on the merits, spewed a few insults, & now she's blocked me like the coward she is.
Liberals like her are the puss-filled pimples on the backside of productive society.