Economists expected SOME job growth in August, but the numbers came in worse than expected: ZERO job growth in non-farm occupations.
WebMonk alerted me to this, urged me to post it while the information is hot off the wires, and was helpful enough to link to the actual Department of Labor report. It’s fascinating, though depressing, to read the details. A sample, but you can read more with the link below.
Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment in most major industries changed little over the month. Healthcare continued to add jobs, and a decline in information employment reflected a strike. Government employment continued to trend down, despite the return of workers from a partial government shutdown in Minnesota.
To relate this to the above topic of conversation, this might be evidence that the economy will be so bad that the public will vote for a new president. But do you think the vast numbers of the unemployed are more likely to vote for a “limited government” message or for a “spend even more to get the economy moving again” message?