Nonfarm payroll employment was unchanged (0) in August, and the unemployment rate held at 9.1 percent, the U.S. Bureau of Labor Statistics reported today.
At this rate, the Department of Labor will be rickrolling us by October.
PS: This situation went from ‘tragedy’ to ‘farce’ some time ago, you know. Unless you’re one of these statistics:
Among the major worker groups, the unemployment rates for adult men (8.9 percent), adult women (8.0 percent), teenagers (25.4 percent), whites (8.0 percent), blacks (16.7 percent), and Hispanics (11.3 percent) showed little or no change in August. The jobless rate for Asians was 7.1 percent, not seasonally adjusted.
Then it’s still a tragedy. And a largely avoidable one, too.