Saturday, September 07, 2013

Another Friday, another weak jobs report


Syria is on the front pages but the jobs report is not far behind.  It was another weak jobs report:

"The Labor Department’s snapshot of the job market in August had several discouraging details underneath a relatively average headline number, including a large drop in the share of Americans who are either working or looking for work. This measure, known as the labor force participation rate, was at its lowest level since 1978.
Earlier estimates of job growth in July and June were also revised sharply downward, and hiring over the summer months was largely driven by low-wage sectors like retail, food services and health care."
We can't wait to hear how The White House will spin this one.  They will probably blame Bush but that's getting rather silly in the 4th anniversary of the stimulus.

Click here for Friday's show






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