Outlook gloomy for August jobs report
September 5th, 2012
11:41 AM ET
2 years ago

Outlook gloomy for August jobs report

New York (CNNMoney) - The stakes are high and the forecast is gloomy, ahead of the August jobs report scheduled to be released Friday by the Labor Department.

A month ago, that report showed businesses added 163,000 jobs in July. Job gains at that level were the strongest in five months, but still were not robust enough to keep up with population growth. The unemployment rate ticked up to 8.3%.

Unfortunately, August doesn't look like it fared much better.

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Filed under: 2012 • Jobs • unemployment
soundoff (38 Responses)
  1. Rudy NYC

    This now the Tea Party Economy. Private sector growth had been surging 2010 and 2011 at the close to the same pace. The private sector has kept growing while the public sector has contracted, most especially at the state and local levels.

    September 5, 2012 11:49 am at 11:49 am |
  2. p kelly

    How is it that you can publish numbers that aren't even released yet?

    September 5, 2012 11:53 am at 11:53 am |
  3. Sf

    ITS GROWTH! We had NEGATIVE job numbers under a republican, and thats romney/ryans plans..cut cut cut...that means MORE JOB LOSSES PEOPLE! How the heck does that create jobs?!!!

    This country would be insane to elect another republican!

    Obama 2012

    Hilary 2016!!!

    September 5, 2012 11:56 am at 11:56 am |
  4. robert jay1

    I am confused – lower taxes for the wealthy create jobs so were told – Bushy lowered the taxes on the wealthy – where are the jobs ?
    In North Carolina jobs go begging because there are not enough people will qualified skills to fill them! Strange – everyone thinks they are a CEO or and expert and want the title – trouble is they can't do anything! – How does that fit in the in employment figures – CNN refuted Michelle Obams claim of 4.5 M jobs created – probably would have double or triple if the stubborn moron Republicans would have accepted utilized the stimulus money as it was meant to be used but it Obamas fault un employement is high – Right – get a life!

    September 5, 2012 11:56 am at 11:56 am |
  5. tammyk tammy

    Looks like the corporations run by GOP CEOs are continuing to hold America hostage even though they are making large profits. They are putting their desire for tax breaks and deregulation ahead of the American people. We the People must not allow them to buy and manipulate this election. OBAMA – the only trusted way forward for a strong middle class and economic fairness.

    September 5, 2012 11:57 am at 11:57 am |
  6. Mike

    Hard to grow the economy with half of the political spectrum is sabotaging the country for their own political gain.

    September 5, 2012 11:57 am at 11:57 am |
  7. Malory Archer

    Am I the only one who remembers how we were bleeding 700k jobs a month leading up to the 2008 election, with "too big to fail" sinking into the abyss, and the also ran candidate told workers at a shuttered factory that their jobs were gone and they're not coming back? Based on Mr. Doom & Gloom's dire comments it's quite obvious we're infinitely better off than if he had been handed the reigns. Things might not be perfect but they could be so much worse. Do we really want to go back to the way it was in January 2009? That's exactly where we're headed if we give the keys back to the very people who drive us into the ditch? There's still a long way to go to undo the damage but we're getting there.

    September 5, 2012 12:02 pm at 12:02 pm |
  8. tammyk tammy

    If you are unemployed due to outsourcing, think real hard about which political party the corporate board of directors who outsourced your job probably belongs to. GOP believes in profits over people. We should never elect an Outsourcer-in-Chief businessman like Rmoney.

    September 5, 2012 12:06 pm at 12:06 pm |
  9. gt

    i wonder who will say this is foreward ...not the 23 million out of work...or the ones who have lost some much equity on there homes....just more of the same...no jobs...no jobs..no jobs...cant spin it any different....

    September 5, 2012 12:09 pm at 12:09 pm |
  10. WILLARD MILTON ROMNEY IS A COWARD & TAX EVADER

    Some growth is better than no growth. Fact is that we are moving in the right direction. Congress needs to pass the rest of the President's jobs bill.

    September 5, 2012 12:12 pm at 12:12 pm |
  11. OnceGreatNation

    DNC – Definitely Not Competent. 23 mil unemployed, 24.6 mil on food stamps, 16 trillion debt and climbing...no need to go on is there? Thanks but no thanks Mr. President, we're out of money for your government handouts and entitlement programs.

    ROMNEY/RYAN 2012

    September 5, 2012 12:12 pm at 12:12 pm |
  12. k

    Mission accomplished for the Tea Party to stagnate job growth by blocking the American Job's Act. We are living in a Tea Party economy and the best is yet to come if Romney becomes president.

    September 5, 2012 12:14 pm at 12:14 pm |
  13. OnceGreatNation

    ROMNEY/RYAN 2012! The only choice for a renewed America!

    September 5, 2012 12:15 pm at 12:15 pm |
  14. The Food Stamp President

    It’s not improving and Obama has nary a plan. If you want more of the same feel free to vote for Obama. If he had a plan for heaven’s sake don't you think he would have implemented it with so many people in desperate straits. All we get is excuses that the GOP won't work with him.......weak leadership at its worst.

    September 5, 2012 12:15 pm at 12:15 pm |
  15. Fair is Fair

    Time to try something different. Simple as that.

    September 5, 2012 12:25 pm at 12:25 pm |
  16. Darryl

    Hey CNN ? What kind of message is this comming from you guys ? Why are you trying to predict job growth that hasn't even happened yet ? You are creating unnessiary views and comments to people depend on your news positive judgement on all aspects, WHY ? I'm discusted in this comming from you people. Actually, lately you have been giving negative spins on this whole campagin season and I will probally not be supporting your news organization in the future because of this kind of stuff along with some of the insinuations you've put out about our POTUS in the last couple of months. Too bad you've stooped such a LOW LEVEL for what RATEINGS ?

    September 5, 2012 12:26 pm at 12:26 pm |
  17. k

    Mission accomplished for the Tea Party in their efforts to stagnate job growth by blocking the American Job's Act. We are living in a Tea Party economy. This is just a prelude to what is about to come if Romney becomes president.

    September 5, 2012 12:27 pm at 12:27 pm |
  18. JD

    One last time, and I'm letting it go. If you are blaming congress now, what do you blame then Senators Clinton, Biden, and Obama for?

    Reid was majority leader and Pelosi speaker. That means they ran congress. And that also means the Democrats have had either congress or the white house for SIX years. Not four.

    And why does the middle class need those "Bush Tax Cuts" so bad. I thought he did nothing fit the middle class.

    September 5, 2012 12:28 pm at 12:28 pm |
  19. Woman In California

    And I'm voting for Obama/Biden.

    September 5, 2012 12:30 pm at 12:30 pm |
  20. Woman In California

    Time to try something different. Simple as that.

    ****

    No, it's not as "simple as that." We are electing a CIC not a chef or a CEO of some greedy business out to ship American jobs overseas and shred any communication linking him to that. Most people are smarter than you give them credit for and don't wear tin foil hats.

    September 5, 2012 12:33 pm at 12:33 pm |
  21. OnceGreatNation

    The POTUS' record, or lack thereof, speaks for itself – no insinuation necessary – just the facts.

    ROMNEY/RYAN 2012.

    September 5, 2012 12:34 pm at 12:34 pm |
  22. S.B. Stein E.B. NJ

    Any growth is better than no growth or loss. We all want it to be 350,00 to 750,000 private sector job growth a month, but we need to be realistic about the chances of that happening right now. If Congress had done more to approve the infrastructure jobs program that had been requested, then these private sector growth numbers would be higher.

    September 5, 2012 12:36 pm at 12:36 pm |
  23. Ray E. (Georgia)

    This is the Tea Party Economy now? OK maybe you are talking about the first Tea Party? The Economy today is the Liberal Democrat Economy. You know, a house for everybody and everybody in a house. The result of 75 years of Big Social Programs, the latest the housing mess. I can see this is going to take a while.

    September 5, 2012 12:39 pm at 12:39 pm |
  24. Malory Archer

    JD, while the dems have had a majority in the senate these las six years, they had a filibuster proof majority for all of about three months, and even then Senator Kennedy was in declining health and wasn't healthy enough to attend session. The right has blocked everything the dems and President Obama has put forth ever since.

    September 5, 2012 12:40 pm at 12:40 pm |
  25. Rudy NYC

    tammyk tammy wrote:

    If you are unemployed due to outsourcing, think real hard about which political party the corporate board of directors who outsourced your job probably belongs to. GOP believes in profits over people. We should never elect an Outsourcer-in-Chief businessman like Rmoney.
    ---------------------
    Good call! Think about which party supported the policy that outsourced your job and which party tried to stop it. The Republican Party wants to elect a man who made outsourcing jobs to lower tax havens a new industry.

    September 5, 2012 12:44 pm at 12:44 pm |
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