Posted on 09/02/2009 8:57:08 AM PDT by Kartographer
Private non-farm employers cut 298,000 jobs in August, according to estimates by payroll company ADP, a figure that disappointed analysts’ expectations but still showed a gradual easing of job losses.
Businesses with fewer than 50 employees lost 122,000 jobs in August, the smallest decline since September 2008, according to the report. Mid-size businesses (with between 50 and 500 employees) lost 116,000 jobs, and large companies lost 60,000. While that sounds like small businesses bear the brunt of job losses, it’s less severe when you consider that they account for a larger share of employment, says Joel Prakken, chairman of Macroeconomic Advisers, which developed the report.
(Excerpt) Read more at businessweek.com ...
No matter what the news, they always have to put a happy face on it for the dear leader.
Apparently, unemployment, financial ruin, and poverty is the CHANGE people voted for in November.
Well, maybe not so happy for the 298,000 unemployed people, and the 4-5 million who lost their jobs since January who are running out of benefits....
Absolutely true!
May I also add that fifty new lawyers were just added to the Justice Department payroll last week? So the laid-off breadwinners should not feel bad.(/enormous sarcasm)
I work for a very small company in Dallas and we had to let 1 person go yesterday alongo with management pay cuts. Next will be pay cuts across the board for all.
It's just that people didn't understand what Obama meant by change.
He said that we lived in the greatest, richest country in the world!
Then spent the rest of his campaign telling everyone he was going to change it.
If business is laying off, workers are not making money.
If workers are not making money, they are not buying.
If workers are not buying, business is not making money.
If business in not making money, workers are laid off.
[Repeat the loop]
If business is laying off, workers are not buying.
etc.
If workers can’t get work, they vote for more government.
When government can’t provide enough work, they get in a war.
But workers productivity went up 6.6% in 2 quarter... most in 6 years! /s
Oh, now I get it... we just hire more government employees and the recession is over. That is why Obama spent $1.2 trillion on a stimulus. If we triple the stimulus, no more job losses. I get it...
6 jobs lost, every minute, of every day....hopeychangy fof all
Hey Prakken, who do you think PAYS for all those government jobs? That's right, workers in the private who pay TAXES which PAYS for the cost of government including those government job wages.
So when you have more and more private sector job losses each month, what do you think happens to revenues, Prakken, Hmmmm?
freakin idiots.
Obama will probably want to invade Canada and Mexico for Lebensraum (living space).
Hey, it worked for the Soviet Union didn't it? Oh, wait...
I think the country is running out of jobs to lose.
“..... but still showed a gradual easing of job losses.”
Right. You tell that to the folks that have been out of a job for months.
Tell that to the folks that have worked all of their lives and have now lost everything, and see no hope for it to get any better.
Tell that to our returning Military Troops that won’t be able to get their old jobs back because they no longer exist.
Say all those things and much more, while you explain that the fix for this mess is right in front of your noses, but for politics and power — our leaders refuse to fix it.
After a couple more million people lose their jobs and their dreams, and perhaps their families, just who in the hell do you think they will target with their anger......... and what will they do, collectively.
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