As we've racked up something on the order of 400,000 first time unemployment claims per week, I've frequently wondered how the White House can claim they've created any jobs when 1.6 million people have been going on unemployment every 4 weeks.
Well, for all you Obasiah worshipers, your guy officially sucks.
Not since 1945 has such a brilliant achievement taken place.
Our local editorial pit-yorkie has no toruble attacking anyone to the right of Lenin for deeds real and imagined... his blinding leftist bias and insulting, arrogant behavoir to anyone not worshiping at his fringe left alter is the stuff of local legend.
Well, his Obamasiah's policies that he so blindly believe in, like most of his neo-communist shtick, has been an abysmal failure.
The latest chapter in a book of failure. And yet, he will do absolutely nothing to hold those like Murray, Cantwell, Herrera and the like accountable for their idiocy.
We'll be lucky to have any country left by the time these clowns are done with us.
Business on msnbc.com
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WASHINGTON — Employment growth ground to a halt in August, as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the struggling economy.
Nonfarm payrolls were unchanged last month, the Labor Department said Friday. It was the first time since 1945 that the government has reported a net monthly job change of zero. The August payrolls report was the worst since September 2010, while nonfarm employment for June and July was revised to show 58,000 fewer jobs.
- “The bottom line is this is bad,” Diane Swonk, chief economist with financial services firm Mesirow Financial, told CNBC Friday.
Despite the lack of employment growth, the jobless rate held steady at 9.1 percent in August. The unemployment rate is derived from a separate survey of households, which showed an increase in employment and a tick up in the labor force participation rate.
While the jobs report underscored the frail state of the economy, the hiring slowdown probably will not be seen as a recession signal as layoffs are not rising that much.
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