August Jobs Report Shows NET JOB GROWTH OF ZERO; First Time Since 1945; Unemployment Rate 9/1% – 9/2/11

The August Jobs Report is out – and it is a total disaster. It shows NET JOB GROWTH OF ZERO at all in the month of August – the first time that has happened since 1945. The U.S. Unemployment Rate supposedly held steady at 9.1%:

FOX NEWS: Employers added no net workers last month and the unemployment rate was unchanged, a sign that many were nervous the U.S. economy is at risk of slipping into another recession.

The Labor Department says 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. . . . Read More