Search
Latest topics
Useful Links
- American 99ers Union
- Unemployed Friends 2.0
- Extend Unemployment Benefits
- Help the 99ers on blogspot
- Layoff List
- Now Jobless/Next Homelss
- Philadelphia Unemployment Project
- Reach Out Job Search
Tier 5 to Survive Unemployment Unite- Unemployed but Organized for the 21st Century
- Unemployed Workers Action Group
Union of Unemployed- http://helpthe99ers.com/
- www.NELP.org
Who is online?
In total there is 1 user online :: 0 Registered, 0 Hidden and 1 Guest None
Most users ever online was 288 on Sun Jul 04, 2021 4:30 pm
Employers add no net jobs in August; unemployment rate unchanged.
+2
gigichicago
worrywart
6 posters
Employers add no net jobs in August; unemployment rate unchanged.
Christopher S. Rugaber, AP Economics Writer, On Friday September 2, 2011, 9:43 am
WASHINGTON (AP) -- Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.
The government also reported that the unemployment rate remained at 9.1 percent. It was the weakest jobs report since September 2010.
The average work week also declined and hourly earnings fell by 3 cents to $23.09.
Weak growth, Standard & Poor's downgrade of long-term U.S. debt in early August and a sell-off on Wall Street likely kept some businesses from hiring.
With job creation stalled and wages declining, consumers won't see much gain in incomes. That will limit their ability to spend, which undercuts growth. Consumer spending accounts for about 70 percent of the economy.
"The stagnation in US payroll employment is an ominous sign," said Paul Ashworth, an economist at Capital Economics. "The broad message is that even if the US economy doesn't start to contract again, any expansion is going to be very, very modest and fall well short of what would be needed to drive the still elevated unemployment rate lower."
http://finance.yahoo.com/news/Employers-add-no-net-jobs-in-apf-4252098583.html
WASHINGTON (AP) -- Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.
The government also reported that the unemployment rate remained at 9.1 percent. It was the weakest jobs report since September 2010.
The average work week also declined and hourly earnings fell by 3 cents to $23.09.
Weak growth, Standard & Poor's downgrade of long-term U.S. debt in early August and a sell-off on Wall Street likely kept some businesses from hiring.
With job creation stalled and wages declining, consumers won't see much gain in incomes. That will limit their ability to spend, which undercuts growth. Consumer spending accounts for about 70 percent of the economy.
"The stagnation in US payroll employment is an ominous sign," said Paul Ashworth, an economist at Capital Economics. "The broad message is that even if the US economy doesn't start to contract again, any expansion is going to be very, very modest and fall well short of what would be needed to drive the still elevated unemployment rate lower."
http://finance.yahoo.com/news/Employers-add-no-net-jobs-in-apf-4252098583.html
worrywart- Premium Poster
- Posts : 199
Join date : 2011-04-12
Re: Employers add no net jobs in August; unemployment rate unchanged.
Wow, if this keeps up we are going into a economic depression. No, wait a minute, we are in a depression. Food and gas prices are sky high, no jobs and the American people are scared to death about America's future. That sounds like a depression to me.
gigichicago- Admin
- Posts : 1655
Join date : 2011-04-30
Re: Employers add no net jobs in August; unemployment rate unchanged.
What happened to all those jobs that were going to be provided by the "jobs creators"? It looks to me like the continued tax cuts for the ultra rich have been an utter failure.
Last edited by truth on Fri Sep 02, 2011 7:42 pm; edited 1 time in total
truth- Premium Poster
- Posts : 470
Join date : 2011-02-18
Re: Employers add no net jobs in August; unemployment rate unchanged.
We have seen eight months of Speaker Boehner's "Jobs, jobs, jobs" promises. Where are the jobs you and your fellow Republicans promised, Speaker Boehner?
truth- Premium Poster
- Posts : 470
Join date : 2011-02-18
Re: Employers add no net jobs in August; unemployment rate unchanged.
well i think the promises are still there...but thats it promises
elvis44102- Elite Poster
- Posts : 574
Join date : 2011-02-12
Re: Employers add no net jobs in August; unemployment rate unchanged.
truth wrote:What happened to all those jobs that were going to be provided by the "jobs creators"? It looks to me like the continued tax cuts for the ultra rich have been an utter failure.
the dems should mimic the big Rs "failed tax cuts" blah...blah..blah.."Failed Tax cuts"....
elvis44102- Elite Poster
- Posts : 574
Join date : 2011-02-12
Re: Employers add no net jobs in August; unemployment rate unchanged.
elvis44102 wrote:truth wrote:What happened to all those jobs that were going to be provided by the "jobs creators"? It looks to me like the continued tax cuts for the ultra rich have been an utter failure.
the dems should mimic the big Rs "failed tax cuts" blah...blah..blah.."Failed Tax cuts"....
2X
truth- Premium Poster
- Posts : 470
Join date : 2011-02-18
Re: Employers add no net jobs in August; unemployment rate unchanged.
Hey! Both sides hve promised to create jobs! They just didn't say when! But Obama said I want to create jobs so that everybody who wants a job will have a job! Duh! When is that Mr. President??? Uh! I want one now!
unemployed2long/1208- Elite Poster
- Posts : 650
Join date : 2011-02-13
Age : 76
Location : Ky/indiana
Job/hobbies : unemployed/living
Re: Employers add no net jobs in August; unemployment rate unchanged.
Out here in 'fly over country' I see thousands of small towns that are losing population. It is not because they lack jobs, it is because people fall for the idea that once they graduate from college they can get good jobs in the city. We have unfilled jobs, inexpensive houses that sit empty and food that is not only good, it is downright cheap. The jobs do not pay nearly what you could earn in a city but they pay far more than what you need to live out here. I understand that it must be hard to give up a high crime rate, traffic jams, urban decay and all of the other wonderful perks of city life to go out and live in the 'great bumpkin patch' but you get used to it. Government does not create our jobs, we create our jobs.
stcfarms- Premium Poster
- Posts : 216
Join date : 2011-06-03
Similar topics
» Private employers added 201,000 jobs in March
» Declining Jobs Rate Is Part Due To Unemployment Aid Running Out
» Todays BLS report unemployment rate by state
» April Jobs Report Beats Expectations: 244,000 Jobs Created; Jobless Rate 9%
» Employers May Have Added ~190,000 New Jobs In February: Surveys
» Declining Jobs Rate Is Part Due To Unemployment Aid Running Out
» Todays BLS report unemployment rate by state
» April Jobs Report Beats Expectations: 244,000 Jobs Created; Jobless Rate 9%
» Employers May Have Added ~190,000 New Jobs In February: Surveys
Permissions in this forum:
You cannot reply to topics in this forum
|
|
Sun Sep 13, 2015 1:54 am by Jessica
» Cyber beggar list......it's ok to me
Wed Sep 10, 2014 10:22 pm by pbrad009
» Help with medical bills - Free Health Care, Free Prescription drugs, Hospital bill help, etc
Mon Sep 08, 2014 11:02 pm by pbrad009
» There are Care Packages for College Students, Veterans overseas and Far Away Friends & Loved Ones. So why not Care Packages for the 99ers ?
Mon Sep 08, 2014 11:48 am by pbrad009
» Ways I've Found to Earn Some Income While Still Unemployed
Sat Sep 08, 2012 7:56 pm by Jane0218
» Ramen Noodle Nation--found this blog, two people tell it like it is...
Sun Feb 26, 2012 6:17 pm by springflowers
» Democrats Defend Cutting Unemployment Benefits
Fri Jan 13, 2012 3:27 pm by requete'
» EB will end for on January 28, 2012 for DC, FL, GA, NC, NJ, NM, OH, and PA
Fri Jan 13, 2012 2:58 pm by requete'
» Herman Cain Opposes Extending Unemployment Benefits: 'Where Do We Stop?'
Wed Dec 21, 2011 3:15 pm by DISPLACED DRIFTER
» Most of the unemployed no longer receive benefits
Mon Nov 28, 2011 2:50 pm by requete'
» Michigan Unemployed may lose Extended Benefits
Sat Nov 12, 2011 4:37 pm by requete'
» Obama To Announce Iraq Troop Withdrawal By End Of The Year
Sat Nov 12, 2011 1:17 pm by requete'