Friday Open Thread
The jobs picture gets a little better. The private sector added 137,000 private sector jobs. The public sector cut 34,000 jobs in the tragically stupid push for austerity. The numbers for July and August are also revised up to reflect 99,000 unreported new private sector jobs. The economy has now created 1,074,000 jobs this year, 1,343,000 jobs in 2010, for a grand total of 2,417,000 since the end of the Great Recession. But we lost 9,079,000 in the Great Recession. So we need to create 6 million more jobs just to get back to where we were in 2007.