New York (CNNMoney.com) - Businesses are hiring, but not enough to make up for the massive losses of temporary government jobs.
The economy lost a total of 54,000 jobs in August, according to the Labor Department, matching the revised estimate of jobs lost in July.
The bulk of the losses came from the public sector, as the government cut 114,000 temporary census workers. It was the third straight month that census worker layoffs caused an overall decline in jobs.
But the report showed some improvements in the jobs picture. The overall losses were not as bad as expected, as economists surveyed by Briefing.com had predicted a loss of 120,000 jobs in the month.
We can get back the millions of jobs that went overseas if we would just work for fifty cents an hour.Isnt this global economy thingy fun?
They are good news. We should be happy and appreciate it. I know those who are used to say "No" or happy to hear negative news will spin this around!
GOP: "Nooooooo!!!! There acn be no growth until we hopefully take over Congress in January and shut down the gov't by passing an appropriations bill that de-funds almost everything and forces Obama to veto!!!!!"
The Global Corporate Fascists are holding up the jobs.They want you making fifty cents an hour like all the other slave worker nations.
With Knowing All Of This, Some Wreckless Minds (And Extremely Big Mouths) In The Media Will Play (Malpractice) Politics (Play Footsies) With The Truth, Just You Watch! I Love The President Obama Haters (Presidential Hating Degrees), Especially When They Feed Into The Demagogue And Lies Spewed (And Spawned) Out In The Blogosphere!
Good news, Americans sent less jobs to China.
So the famous 'Census temporary jobs' are going going gone...
Where's the 2 digits unemployemnet rate?
Oh, yeah, the private sector IS hiring again...