Zero Jobs Created, August Unemployment Stuck at 9.1% See the Full Report

Zero Jobs Created, August Unemployment Stuck at 9.1% See the Full Report

THE EMPLOYMENT SITUATION – AUGUST 2011

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. Health care 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.

From WSJ:

The Obama administration now says U.S. unemployment could persist at its current stubbornly high level around 9% well into 2012.

A new economic forecast released Thursday suggests the White House is bracing for a weak economy in the coming election year, while bolstering President Barack Obama’s calls for more government action to boost hiring and economic growth.

Mr. Obama is scheduled to address a joint session of Congress next Thursday to outline his latest economic proposals. His ideas could include “a mix of tax cuts to create jobs and provide economic security to the middle class, [and] innovative infrastructure ideas to put people back to work,” as well as measures aimed at the long-term unemployed, the report said. White House press secretary Jay Carney suggested the measures could push the unemployment rate below 9%, but he also sought to avoid making predictions.

Republicans attacked the report released by the Office of Management and Budget as the latest evidence that the administration’s policies aren’t working either to create jobs or reduce federal budget deficits. “By its own admission, the Obama Administration’s record on job creation and fiscal responsibility is abysmal,” said Rep. Paul Ryan (R., Wis.), the chairman of the House Budget Committee.

Enhanced by Zemanta

Get Free Email Updates!

Signup Now to Receive Updates and Alerts!

We will never give away, trade or sell your email address. You can unsubscribe at any time.

@stevenfoley

A former U.S.Marine, he is the Creator of The Minority Report Network. He is also the Founder and Managing Editor of the Network’s flagship site, www.theminorityreportblog.com, Former Director of New Media for Liberty.com, Former Director of New Media for Liberty First PAC, and the Former Chief Managing Editor of 73Wire.com. Steve is a well respected national conservative blogger who’s dedicated the past several years of his life advancing conservatism online. Recently Steve was instrumental in the development of Liberty.com, Liberty First PAC, The Patriot Caucus, the national campaign trail and grassroots news site73wire.com.

More in

Screen Shot 2015-04-19 at 10.32.08 AM

DHS is Poised to Ignore Muslim Terrorists Entering the US Through Mexico

Michael BeckerApr 19, 2015
15-0418 Carson

Ben Carson. Wonderful Surgeon. Wouldn’t Vote for Him for Dog Catcher

Michael BeckerApr 18, 2015
Screen Shot 2015-04-18 at 6.45.16 AM

Video: Hillary Clinton’s Chipotle Order

Steve FoleyApr 18, 2015
150416_IranRerunOfNK

Heritage: Why Are We Going Down Same Path With Iran We Did With North Korea?

Steve FoleyApr 18, 2015
Screen Shot 2015-04-18 at 6.21.15 AM

Senator Mark Kirk Delivers Weekly Republican Address

Steve FoleyApr 18, 2015
US-Export-Import-Bank-via-AFP1

Reform The Export-Import Bank? Been There, Tried That

Steve FoleyApr 17, 2015

The Minority Report is a network of websites devoted to Conservative & Libertarian politics in the United States. In 2014 the network had over 20 million page views!

On this site you'll find posts & links to some of the best and most comprehensive center-right news and opinion on the net...

September 2011
M T W T F S S
« Aug   Oct »
 1234
567891011
12131415161718
19202122232425
2627282930  

Archives

Copyright © 2014 The Minority Report Network