Unbelievable, not just astonishing. August would be when all of the graduates from schools are entering the job market.
There's no good way to spin the situation when the the number of jobs increases while private employment decreases. That means there are more public sector jobs but less private sector jobs to pay the bill.
M1 Multiplier is PERSISTANTLY below 1.0, and dropping
M2 Velocity is sinking rapidly
Banks are holding onto money, instead of investing it
Remember, Monetary Velocity is the Single Best Indicator of Economic Health
Unemployment is becoming permanent
Corporations are sequestering Money, instead of investing
When Zero and his destroy the last private sector job, the unemployment rate will be at an unheard of “Zero” He considers this to be a way to justify that our nickname for him is in tribute to a good thing...
But government jobs are up over 300,000!
Number of Govt Workers Up 324,000 in One Month Private Sector Down 278,000
http://www.freerepublic.com/focus/f-news/3063577/posts
We are the foundation for any economic growth--America's most vital resource--it's people.
Yep. He's begun to "lay" us, alright.
We've never been so screwed, and it's just the beginning.