“The last time the government reported exactly zero jobs added in a month was in February 1945.”-CNN

“We expected a weak report, and what we got was even weaker…” and  “It’s still a skunk and it still stinks.”-Patrick O’Keefe, economic researcher at J.H. Cohn

The United States Department of Labor says Corporate America has let the country down again, zero jobs created in the month of August!!!

President Obama said his advisers expect the official unemployment rate to stay well above 6% until 2017!!!

When you factor out the 45,000 striking Verizon workers, and the temporarily laid off 22,000 state workers in Minnesota, the jobs creation numbers for August are a piddly 23,000.  Remember, most economists say at least 150,000 new jobs MUST be created every month, and that is not happening.  A more recent study by the Economic Policy Institute says 400,000 new jobs must be created every month!!!

This crappy August jobs report surprised the hell out of many economists.  CNN asked 22 economist what they thought the jobs creation number for August would be.  They thought at least 75,000 new jobs would be created, not ZERO!!!

It’s time they start calling this possible double dip recession what it really is, a depression!  I guess if  you look at it optimistically, the job numbers could have been worse, they could have gone negative!  So much for being optimistic!