Another Lousy Jobs Report

Another grim jobs report.  Only 96,000 jobs were created in August, when 136,000 had been expected.

The unemployment rate dropped from 8.3 to  8.1%, but only because of all the people who are giving up.

It’s not going to be easy to win re-election with unemployment over 8% for three years, but having Mitt as an opponent certainly helps.

One comment on “Another Lousy Jobs Report

  1. seattle99 says:

    ‘ . . . because people are giving up’


    Including in the number of people who are leaving the workforce are the 10,000 a DAY (300,000 a month) baby boomers who are retiring (hopefully with a pension and/or Social Security).

    Note: The 10,000 a day number is from 2010, and is no doubt higher in 2012.

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