august jobs report
The U.S. economy added 156,000 jobs last month.
This comes after two straight months of robust gains.
The unemployment rate just hit a 7-year low.
In a surprisingly downbeat look at last month's job market, today's jobs report shows payrolls up only 142,000 in August, a downward revision to June's gain, flat weekly hours, and a slight tick down in the labor force.
"I don't believe it, I don't believe this data," Mark Zandi, chief economist at Moody's Analytics, told CNBC. "It's not consistent
On the surface, these numbers didn't seem too bad: Economists, on average, had expected to see 180,000 new jobs and the unemployment
The "U-6" unemployment rate, which adds together unemployed people, those who are working part-time because they can't find
The most direct way to create jobs, the only surefire way to be sure stimulus will work, is direct job creation. But we live in a dark age where any fiscal policy to create jobs is viewed as European socialism, despite the fact that Europe's even more austere than we are.
It's hard to imagine a less satisfactory jobs report at this stage of President Obama's term. The economy is dead in the water.
In terms of its own hiring practices, the government has been cutting jobs largely at the state and local levels. Though