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PostPosted: Fri Sep 02, 2011 4:46 pm 
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Home of the Whopper
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Full article here: http://www.mrc.org/bmi/articles/2011/Historic_No_New_Jobs_Added_in_August_First_Time_since_.html

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Ahead of the Sept. 2 release of the August jobs report, surveys had indicated the economy had added anywhere from 75,000 to 100,000 jobs that month. But those estimates turned out to be very wrong. Just minutes ahead of the release, CNBC's Rick Santelli went out on a limb predicting that no jobs had been added in August.

Santelli was right about that number. As CNBC reported just minutes later, not a single job was added overall to the payroll numbers and the unemployment rate stayed at 9.1 percent. The previous two months were revised downward to show an additional 58,000 jobs lost.

It was the first time since February 1945 that the report showed exactly zero net jobs.

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PostPosted: Fri Sep 02, 2011 5:50 pm 
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The Dancing Cat
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Location: Ohio
The stock market shuts the bed every August too.

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