First Month without Job Growth Since the Month after World War II Ended

Monday, September 05, 2011
There could hardly be a worse way to celebrate Labor Day.
 
The August job numbers weren’t just bad, they were historically bad. The nation produced its first month without job growth since September 1945, just after World War II ended. Unemployment still stands at 9.1%, and the only thing moving are the mouths in Washington, as House Republicans and President Barack Obama talk and talk about creating jobs, but can’t agree to do anything about it, writes David A. Fahrenthold at The Washington Post.
 
Meanwhile, the country needs to produce 125,000 a month just to keep up with population growth, notes Robert Reich, former secretary of labor and now a University of California-Berkeley professor. Since the end of 2007, the number of Americans looking for work has grown by more than 7 million, but the number of people with jobs has dropped by more than 300,000. “So the hole continues to deepen,” Reich warns.
-Noel Brinkerhoff
 
No New Jobs, as Washington Remains Divided (by David A. Fahrenthold, Washington Post)
The Zero Economy (Robert Reich)

Comments

Jim Thomas 12 years ago
that headline and story is totally misleading. whoever posted it does not understand what someone was saying and has no clue about what these economic numbers mean... think about it. do you honestly think there's never been a month in our history since world war ii when we haven't lost net jobs???? come on. we just saw the economy lose millions of jobs over 18 months. you don't think there was a negative job growth number in some of those months???? when they say there hasn't been amonth with zero job growth since september 1945 they must mean that jobs have always been either positive or negative, not zero itself. but the story takes the oddity and goes on to say "the nation produced its first month without job growth." that's just not true.

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