Friday, September 02, 2011

Obama Winter: No new jobs added in August, unemployment remains at 9.1 percent

Recovery Summer II has passed. But Obama Winter endures. The national unemployment rate remains at 9.1 percent. While it's not, to use the Obama administration's onetime favorite word, "unprecedented," but for the first time in 66 years, zero net jobs were added to the economy.

Also, in what has become a disturbing trend, the jobless figures from the previous two months were revised downwards.

Cooking the books?

Republican presidential candidate Jon Huntsman issued the statement about the bad news:

Two days after I offered a plan with serious solutions that would create jobs and get our economy going, we learn of yet another month with zero job growth. There is no clearer sign that the President has failed and the theatrics around his far-too-late jobs speech demonstrate that he has no real plan to change course. In a country with 307 million people, zero job growth is unfathomable. It's time for America to compete again and it's time for a new President.
Related post:

Huntsman unveils jobs strategy, "Time to Compete: An American Jobs Plan"; NLRB targeted


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