The Economy is a giant, long-haired dog
Dispatch from the Angry Middle:
I received this 'breaking news' alert from the New York Times this morning:
Economy Shed 84,000 Jobs in August; Unemployment Rate Jumped to 6.1%
Quick - someone get a vacuum cleaner while I crawl around on the floor and try to grab a few handfuls of, um, jobs before they all disappear (see below.)
(Excuse me - the economy is 'shedding' jobs? Is that one way of saying that it is no one's fault?
The economy - like a giant, hairy dog - simply sheds jobs from time to time. This is quite natural. This just happens... no one knows why... perhaps due to the heat of the season, genetics or an 'Act of God.')
NYT:
The unemployment rate jumped to 6.1 percent in August, its highest level in five years, as the erosion of the job market showed no sign of slowing.
Employers cut 84,000 jobs last month, more than economists had expected, and the Labor Department said that more jobs were lost in June and July than previously thought.
So far, 605,000 jobs have disappeared since January. The unemployment rate, which rose from 5.7 percent in July, is now at its highest level since September 2003.
Don't you hate it when a job... gets lost? Or just disappears?
So many lost and wandering jobs. Surely some of them will find their way home?
Perhaps we should install job lighthouses up and down our coastline, in an attempt to assist those 'lost' jobs that were captured in the night, bundled onto ships, and now find themselves headed across the sea to China.
Labels: economy, jobs, New York Times, recession
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