Americans lost another 54,000 jobs last month. Unemployment is now 9.6%. Missourians are asking, “Where are the private sector jobs?” 6:46 AM Sep 3rd via mobile web
By Motoko Rich
New York Times
Posted: 09/03/2010 08:00:55 AM PDT
Updated: 09/03/2010 10:47:29 PM PDT
U.S. businesses added more jobs in the past three months than originally estimated, calming fears of a double-dip recession. Yet the pace of growth signaled that the wheels of the economic recovery were still spinning in place.
The private sector added 67,000 jobs in August, with some of the strongest gains in health care, food service and temporary help, the Labor Department reported Friday. That was higher than consensus forecasts, but the continuing wind-down of the 2010 census, as well as state and local government layoffs, led to an overall loss of 54,000 jobs during the month.
In addition, the government revised its numbers for June and July, reporting that the economy had added more jobs in those months than it had previously said….
What is it about “add” that republican politicians don’t understand?
Such Chutzpah. And on August 10th Representative Blunt didn’t even bother to vote to save some of those jobs.
By the way, where was Representative Blunt’s concern about job creation in 2005 during dubya’s administration? Oh yeah, you and your cronies were pushing tax cuts for the top 1%:
No Correlation Between Bush Tax Cuts and Job Creation
Rate of Job Growth at Historic Low After 4 Years of Tax Cuts; Quality of Jobs Poor
BOSTON-As outrage in Congress stalls the Bush administration’s attempts this Thanksgiving season to extend tax cuts that will primarily benefit the wealthy, a new study examines the administration’s claim that tax cuts create jobs-and finds it without merit.
Evidence shows that, historically, changes in tax rates have no discernible effect on employment. Moreover, during the Bush administration, job creation since 2003 has fallen millions of jobs short of the administration’s promises, and is significantly below what would normally be expected even without extraordinary economic stimulus.
“Contrary to what President Bush and his tax policymakers are saying, tax cuts do not automatically create jobs. Tax cuts are just one of many things that can affect job growth,” said Liz Stanton, director of research at United for a Fair Economy (UFE) and a co-author of the report.
“President Bush’s Jobs and Growth Tax Relief Reconciliation Act of 2003, far from delivering on the promises made to create 5.5 million new jobs, has carved out a new low in job recovery after a recession.” said Scott Klinger, another co-author and director of UFE’s tax policy group. “The president’s tax-cutting policy is a failure in this regard, and we need to recognize it as such….”
….While there is no evidence that massive tax cuts create jobs, there is considerable evidence that they contribute to economy-choking deficits….
That was then, this is now. So where were you then, Congressman Blunt (r)? Just asking.