Three-Month Job Creation Average Collapses Compared to Last Year

Soon Obama will have everyone on the government dole.
Check it out:


The Washington Post has apparently woken up to the fact that President Obama’s economy — at least as its related to job creation — has been a mirage. After noting that the August unemployment rate dropped only because 312,000 people dropped out of the labor market, the Post reports that the three-month average of the number of jobs created has dropped by nearly 40,000 over this same time last year:

Consider this: The nation has averaged 148,000 new jobs a month for the last three months. The number was 160,000 for the last six months, and 184,000 a month over the last year. That looks to me like a downward trend, no two ways about it. It’s certainly not the gradual acceleration that most mainstream economists have forecast as 2013 advances and the impact of tighter fiscal policy fades.

Compared to last month, 112,000 fewer people in America have a job.

GET MORE STORIES LIKE THIS

IN YOUR INBOX!

Sign up for our daily email and get the stories everyone is talking about.

Email

Previous post

Man Attempts to Name Asteroid for Trayvon Martin

Next post

Obama 'Appeared Isolated in St. Petersburg' at G20 Summit

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.