For the first time since 1945 our country reported a net job growth of ZERO, for August! 2011 Unemployment remained at 9.1 percent. Companies are not laying off or hiring. We are in a holding pattern. Hourly wages fell in August.
Consumer and business confidence has been shaken by the federal debt limit feud, the downgrading of our long-term debt and the financial crisis in Europe. The result is a stock market drop.
Unless job growth is improved immediately, another recession is likely.
To read the entire article about our economic mess, click here,