Press reports indicate that:
– The economy added no jobs in August. None.
– The numbers of June and July have been revised downward.
– The unemployment rate looks stuck at 9.1 percent.
The Washington Post calculates that “unemployment would be 16.2 percent if it included the swelling ranks of those who find only part-time work and the millions who have given up looking for jobs that simply do not exist.”
The “job creators” have their record-breaking profits, their record-breaking tax cuts, and their record-breaking subsidies, but they still aren’t hiring.