Friday, September 7, 2012

Troubling Jobs Report Again

With only a net gain of 96,000 nonfarm payroll jobs, August looks like another fairly disappointing month for job growth.  Almost nine million jobs were created during Jimmy Carter's term.  At the rate of 96,000 jobs a month, it would take over 90 months to gain the number of jobs that happened in the 48 months of Carter's presidency.  It would take 140 months (or nearly 12 years) for the August job growth rate to catch up with the over 13 million jobs created under Reagan.

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