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Posted on September 2, 2011 | tags

 
 

Biz, U.S.: August’s depressingly bad job numbers will depress you greatly

  • 17k number of jobs gained in the private sector in August — down significantly from July
  • 17k number of jobs lost in the public sector in August — see where this is going, guys?
  • 0k number of jobs created as a whole in August; unemployment stayed at 9.1 percent source
  • » Another month of 9-plus-percent unemployment: Of the past 28 months, 26 of them have sported unemployment above 9 percent. And here’s a number that will depress the crap out of you — 14 million people are currently unemployed, which makes job gains of 100,000 seem like not enough, let alone completely flat months like August.