How’s That “Created Or Saved” Stuff Work Again?

Hey, at least it’s not a 27 year high!

WASHINGTON (Reuters) – U.S. employers cut a fewer-than-expected 216,000 jobs in August, while the unemployment rate rose to a 26-year high, the government said on Friday in a report showing a still fragile labor market.

The Labor Department said the unemployment rate rose to 9.7 percent after dipping to 9.4 percent in July and the decline in payrolls was the smallest in a year. The department revised job losses for June and July to show 49,000 more jobs lost than previously reported.

Analysts had expected non-farm payrolls to drop 225,000 in August and the unemployment rate to rise to 9.5 percent.

Woo-Hoo! Go Stimulus!

6 Responses to “How’s That “Created Or Saved” Stuff Work Again?”

  1. JeffS says:

    Doncha just loves spin doctors? “Hey, dude, fewer people got laid off than we thought! SCORE!”

    At a guess, that difference of 9,000 is close to the margin of error one should expect from projections. Which makes this celebration pretty much meaningless.

  2. […] Doncha just loves spin doctors? “Hey, dude, fewer people got Read more at […]

  3. mojo says:

    “But it’s a DRY heat…”

  4. Gunslinger says:

    And to think it only cost a trillion dollars.

    Whatta bargain! 😛

  5. greg newson says:

    What about the two million people coming in to the US every
    year from our immigration policy? Are they going on welfare or are they being put on
    the government payroll.
    I’ve noticed all the toll collectors on our bridges here wear turbans.Just a thought!!Might sound weird,
    but out west here I’ve noticed turban wearing toll
    collectors everywhere.Just an
    observation,what’s up with that? Government sell-out of Americans, for what? Nuclear
    profileration of Pakistan.You
    tell me.

  6. Jim - PRS says:

    Those numbers can’t be true. Joe Biden said that the Stimulus was working great. You can’t put anything past ol’ Joe.

Image | WordPress Themes