Economy Loses 10,000 Private Sector Jobs in August – Construction at Lowest Level in 10 Years
Posted by Jim Hoft on Wednesday, September 1, 2010, 8:32 AM
Worst. Jobs. President. Ever.
Barack Obama is the worst jobs president since the Great Depression and possibly is the worst jobs president in US History.
(Source: US Misery Index)
The democrats wanted to fundamentally change America. They did.
The US unemployment rate has not fallen below 10.8 percent in the last 12 13 months. This is unprecedented.
Now this…
The US private sector lost 10,000 jobs in August.
Market Watch reported, via Free Republic:
Private sector employment decreased by 10,000 from July to August on a seasonally adjusted basis, according to the latest ADP National Employment Report® released today. The ADP National Employment Report, created by Automatic Data Processing, Inc. (ADP®), in partnership with Macroeconomic Advisers, LLC, is derived from actual payroll data and measures the change in total nonfarm private employment each month.
…According to the ADP Report, employment in the service-providing sector rose by 30,000 in August, the seventh consecutive monthly gain. This increase was not enough to offset an employment decline in the goods-producing sector of 40,000. Construction employment dropped by 33,000 during August and manufacturing employment declined 6,000, the second consecutive monthly decline.
Then there’s this…
Construction activity fell for third straight month in August, dropping to its lowest point in 10 years.
ADVERTISEMENT
-
Featured Story:
Busted!… Obama Headlined a DEMOCRAT SOCIALISTS OF AMERICA Event in 1996 **FLIER**
Published May 24, 2012 at 8:46 pm - 91 Comments
Militant Conservative commented:
Free market economy vs. Socialist policy. Gee, our livelihoods vs. Obamanomics/socialist policies.
My money is on America throwing out the NOTUS and Rinos and dems.Powder is dry
PB-in-AL commented:
“Worst. Jobs. President. Ever.”
Jim, are you getting tired of having to type that, or do you just cut and paste?
I know I’m tired of seeing it, but I don’t expect that we’ll see any real change till he, Pelosi, Reid, etc. are out of the picture.
I suppose that O-boy will provide enough fodder for you to begin a whole pile more posts with that line, unfortunately.
Thanks — PB
Granny commented:
Militant, I hope we can kick them to the curb in time. I hear the one stated baldly last night that his main concern is the economy HAHAHA
Andreas K. commented:
Quick, more stimulus money!
It’s like on the Titanic.
Iceberg ahead! Turn port! Full speed ahead!
Full speed ahead into disaster.
Free market economy vs. Socialist policy.
The funny thing is, in the entire history of mankind, only the free market economy has been proven to work. All other systems have utterly failed.
But hey, you really think that the libs would learn from history? They ignore it. And if you ignore history, what happens? You’re bound to repeat it.
Joanne commented:
Where can I find some inexpensive American labor to finish my house?
sliderblaze commented:
Dont have to tell me, i’ve been in the custom home interiors business for 12 years now, 6 years out on my own, worst i ever seen it. work is few and far between.
Granny commented:
Have you noticed that while OUR economy is in the tank, the Russian economy (moving away from socialism and towards capitalism hand over fist) has grown by 4%, the Indian economy has grown by 8.8% and even the Slovakian economy is up by 4.9% (Same link as Indian economy.)
While we sit with an unemployment rate of more than 10%, the German unemployment rate is stable at 7.6%.
Remember that it is Germany that refused any further deficit spending.
A responsible US administration would see the writing on the wall and change policies immediately. It is clear, however, that the Obama regime’s intent is to destroy our economy, not grow it.
Granny commented:
Too bad you aren’t closer to DC. Maybe you could have picked up a few bucks on this renovation -
Oval Office Redecorated while TheWon was on Martha’s Vineyard
cal rifkin commented:
Well, what’s wrong with working for gubmint motors or yer neighborhood windmill company? Barry will get it turned around – if not now, just give him more time…now that he’s got the Iraq war settled, he can focus like a laser…
Skandia commented:
Summer time is prime time for construction. Not working during the summer season is like not working the fields in agriculture.
Granny commented:
Skandia, it isn’t just like not working the agricultural fields. It is pretty close to not planting them in the first place.
Joe commented:
Never mind all this bad news, just think of the Obamas and be happy for them, great vacations (lots of them), redecorating the Oval Office, (tacky) loads of golf games (good for the stress)and they don’t have to walk the dog! Now how great is that? We like to see our politicians enjoy the good life (its the charitable way to feel).
sliderblaze commented:
Too bad you aren’t closer to DC. Maybe you could have picked up a few bucks on this renovation -
—————————————————-
I’m about 2 hours north, i dont think I could have taken that job, he woulda came back with a huge mural of sarah palin on one side and glenn beck on the other.
kansas commented:
Hey, it took 10 years to get us into this mess, give Obama more time to make it worse.
Andreas K. commented:
“Remember that it is Germany that refused any further deficit spending.”
Granny, that’s not correct.
Germany has made an additional 80 billion Euros debt with the budget for 2010 and I doubt 2011 will be any better. Plus they’re the ones riding the horse that all EU countries must help bailing out Greece.
Germany’s unofficial national debt is 6.2 trillion Euros for a reason: 40 years of uncontrolled spending (in the last 40 years Germany managed an even budget only once, the other 39 times spending was significantly higher than income) + an out of control welfare state (which costs almost 50% of the annual budget already.)
Sure, Germany may say “no” to Obama’s spending, but they’re spending themselves into the ground, have been doing so for decades and will continue to do so. The left-far-left-green coalition has had a lot of success in the past few elections and if this is a shape of things to come, then Germany’s national debt will continue to rise.
Andreas K. commented:
Plus, Germany, just like Austria, has this neat little trick to forge unemployment statistics.
See, here unemployed people, who are on different courses tossed on them by the unemployment office (usually completely retarded courses), are not counted as unemployed.
Unemployment rates of elder people and youth are an issue. Older people don’t get jobs, since they’re too old and cost too much for a company. And the youngins? Well, in my home province there are tons and tons of open apprentice positions. The problem is… most youths who try to get them are simply too dumb. They lack in math (some can’t even calculate the size of an area) and even in using the German language properly. Of course nobody hires them. I wouldn’t hire them either.
But why try to get a job anyway? The government pays for everything.
WSG commented:
Anybody know what tune should be whistled past the graveyard?
kato commented:
Hey, where are all the “shovel-ready” projects?
The Jivemaster knows how to shovel it out.
billy sol commented:
the economy is going to continue to tank, obama and his flunkies have pushed it past the tipping point. THANKS to our senatorette for her YES vote on CLAIRE Care! Just got my insurance plan beginning next year . . . . prices increase by 25%+. Thanks Claire! i’ll be looking for your name on the ballot in ’12, then i’ll look at whoever runs against you, and make my “X”. BUT, this year let’s DUMP THE CARNAHANS!!!