Zero New Jobs in America
Remember the President’s $780 billion stimulus, which included infrastructure spending on “shovel ready projects” all across the fruited plain?
By Heritage Foundation Mike Brownfield—— Bio and Archives--September 2, 2011
American Politics, News | Comments | Back To Full Article
President Obama enters this Labor Day weekend with a serious problem on his hands. For all intents and purposes, the economy appears to be stuck in neutral, with news out today that the U.S. economy created a grand total of zero jobs in August. This followed two months of near zero growth. Not surprisingly then, the unemployment rate in August remained at 9.1 percent, virtually unchanged since April. In fact, it was completely unchanged, and for the first time since 1945, no new jobs were created—Zero.
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