Friday, September 2, 2011

August 2011 Unemployment Report: ZERO JOBS ADDED

After just railing on the poor deprived 20-somethings for accepting food stamps comes the monthly federal jobs statistics report... and it's a real classic...

In August 2011, employers added an adjusted overall total of ZERO jobs in the U.S. Add to that a revision of June and July data: which now shows a loss of 58,000 jobs. Total payrolls were unchanged in August, the first time since 1945 that the government has reported a net job change of zero. In a word, the economy is fucked! Wholly, consistently, persistently royally fucked.

The unemployment rate, meanwhile, remained locked at 9.1%. The number of those out of a job for six months or more remained above 6.0 million in August and accounts for 42.9% of the unemployed. A total of 2.04 million were out of work for 99 weeks or longer. This is the weakest jobs report since September 2010.

I can't wait to see how the national media spins this one... not to mention President Obama, who will address a joint session of Congress next week to "introduce a plan for creating jobs..." as if we haven't been hearing the same bunch of nothing for the past two years.

Honestly, while the G.O.P prospects for 2012 are more frightening than a bloody axe, I have no faith that Obama has a clue about how to turn things around. At this point, he talks like... a politician. Words, words, words, with so much consistent caving to Republicans that he remains paralyzed. Grow some balls, Mr. Prez, and behave like a Democrat, how about it? He could learn a lot from New York Gov. Andrew Cuomo, instead of behaving like former Gov. David Paterson.

Pardon me, time for my Ramen noodles.