Friday, September 02, 2011

Ouch, 0 Job Growth, Tighten Your Belts

Employers add no net jobs in Aug.; rate unchanged - Yahoo! Finance:

 "WASHINGTON (AP) -- Employers added no net workers last month and the unemployment rate was unchanged, a sign that many were nervous the U.S. economy could be at risk of slipping into another recession.

The Labor Department said Friday that 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."

Ouch, that hurts. Liberals and democrats want four more years of Obama.

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