Well lower than expected, a mere 96,000 jobs were created in August. As the numbers lay out, for every one worker that enters the work force, four workers are leaving the work force. I’ll leave it to our loyal readers to let us know how long it will take for those numbers to work out well. The worst number of all may be the number of Americans capable and qualified, yet currently not in the work force: 88,921,000
Obama accepts praise Thursday night in Charlotte.
“This is not even close to what a recovery looks like,” Romney’s running mate, Rep. Paul Ryan (R-Wis.), said Friday of the jobs report. – via The Hill.
11.2%: Unemployment rate if labor force participation rate was the same as when Obama took office. – via James Pethokoukis.
Obama waves, feels our pain
Simply stated, there is no reason to believe that four more years of Obama, would be any better than the previous four years of Obama.
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If you’re so inclined, so extra reading:
Oh my, JPMorgan economist just absolutely destroys the August jobs report
Record 88,921,000 Americans ‘Not in Labor Force’—119,000 Fewer Employed in August Than July