Friday, September 2, 2011

US Economy gains NO jobs in August (first time since World War II)

QUOTE: "The US economy created no jobs and the unemployment rate held steadily higher at 9.1 percent in August, fueling concerns that the US is heading for another recession.  It was the first time since World War II that the economy had precisely net zero jobs created for a month. Economists had been expecting the report to show a net of 75,000 jobs created, an unusually low number considering the US is technically more than two years removed from the end of the last recession."

"Another recession?"  For many people I hear from we never left the first one.  And there are many of us who believe we are actually in a 'Greater Depression'.  I'll be discussing more strategies for dealing with economic hardship in an upcoming episode on the podcast. 

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