14 million Americans remain unemployed in the U.S., a number that is unchanged from July. As a Bureau of Labor Statistics report stated today, the economy created exactly zero jobs for the entire month of August signalling the failure of the current administration’s economic policies.
In reponse to the zero job growth, White House economic advisor Gene Sperling said, “This president doesn’t think this is anywhere near enough”. A survey of economists agreed – they had expected more than 70,000 new jobs.
The report also held that the numbers that had been reported in June and July had been incorrect. BLS reduced the number of jobs created in those summer months by 58,000.
The President did not immediately comment and is headed to Camp David for the holiday weekend.
Several of the GOP Presidential candidates have made comments in response to the dismal jobs report.
Herman Cain released this:
We learned today that not a single job was created during the month of August in the United States of America. In the land of endless opportunity and abundant freedom, the very promise that has inspired generations of industrious and innovative people seems to be dwindling away.
After trillions in government spending and empty promises, 14 million American workers are unemployed, with millions more underemployed. These are people, not statistics. They are families struggling to put food on the table, send their kids to school and keep the lights on. They are our family members, friends and neighbors.
Sadly, the fact that zero jobs were created last month is only fitting for this administration, which is led by a President with zero leadership, zero plans, zero results and zero understanding of basic economics. And the American people are worse off because of it.
Mr. President – we gave you $2.4 trillion in new spending and the American people got nothing in return. Today’s jobs report showing that the economy created no jobs in the last month and unemployment at 9.1 percent is further evidence that President Obama’s failed economic policies are not working and have completely stalled job growth. After spending three days last month on a bus tour focusing on jobs – today’s economic report shows that the nation’s economy is sitting at a huge stop sign. Before his vacation, the President gave us a speech about a jobs speech; the American people don’t need speeches, they need jobs.
It’s time for a comprehensive restructuring of how Washington spends taxpayers’ dollars by controlling spending and encouraging pro-growth economic policies. Mr. President – it’s time to stop digging our country further into debt – it’s time to build a solid foundation for sustainable economic growth to restore certainty for the American people and the markets.