Nonsequitur: The Awful August Jobs Report

September 8, 2012

With only 96,000 jobs added in August, the unemployment rate fell from 8.3% to 8.1%, but only because 368,000 Americans dropped out of the workforce.  President Obama calls August hiring “not good enough.”  True.

More depressing details here: http://abcnews.go.com/US/wireStory/august-jobs-report-crushes-hope-hiring-17186025

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