Posted September 3, 2010 8:45 AM
The private sector added 67,000 new jobs while government employment fell by 114,000, the Bureau of Labor Statistics reports this morning. Overall, the monthly jobs report finds the unemployment rate ticking up to 9.6 percent, with 14.9 million still unemployed.
From May through August, the release points out, the jobless rate remained in the range of 9.5 to 9.7 percent.
Comments
Hope and Change? Summer of what recovery? The only thing improving is Obama's golf game.
Posted by: conservativemaster | September 3, 2010 9:42 AM
More "Recovery Summer" laughs: "the so-called underemployment rate, which includes workers who are working part-time but who want full-time work, increased from 16.5 percent to 16.7 percent. During our supposed “Recovery Summer,” we have lost 283,000 jobs (54,000 in June, 171,000 in July, and 54,000 in August). And for August, the employment-population ratio — the percentage of Americans with jobs — was 58.5 percent. We haven’t seen figures this low in nearly three decades. As Henry Olson of the American Enterprise Institute points out, “Since the start of this summer, nearly 400,000 Americans have entered the labor force, but only 130,000 have found jobs. … America’s adult population has risen by 2 million people since [August 2009], but the number of adults with jobs has dropped by 180,000. The unemployment rate declined slightly despite these numbers, from 9.7 percent to 9.6 percent, because over 2.3 million people have left the labor force entirely, so discouraged they are no longer even looking for work. ”
(from Commentary Magazine)
Posted by: Recovery summer | September 3, 2010 4:40 PM