“The Labor Department said Friday that non farm payrolls fell by a remarkable 131,000 last month, about double what economists were expecting. Private hiring was anemic; corporate America added 71,000 positions in July, about 20,000 fewer than anticipated and further evidence that, while profits are relatively robust, companies are reluctant to hire. That reluctance likely stems from the uncertain regulatory environment and concerns about higher taxes next year. The government's payroll fell by 202,000 as temporary Census workers were let go.
What’s more, last month’s weak report now looks even worse, with the Labor Department revising that figure to a loss of 221,000 jobs from the originally reported 125,000.” FOX BUSINESS "
In other words, the most clever economists in this Economic Oracle when their points of view on the actual financial-economic economic is taken by some media journalists with out any questioning..Even more, clever financial institutions are behind them such as the World Bank, IMF, at the orders of the corrupt financial World system. Hopefully, the Law Regulating the Banking system, signed by President Obama, aimed , at least in paper, to stop the prevailing unethical profit seeking of these institutions within the limits of the U.S , remains untouchable in the rest of the world.
With all the critics that local or small banks are excluded . At least, it is an acknowledgement from within the U.S. Executive of the roots in the actual financial crisis responsibilities.
These so called "FINANCIAL GURUS" failed in their estimates of private corporate hirings by 28.57%. Who has in advance the real stats. before everyone did it?
An urgent restructuring of the Capitalist System must be faced, taking the bull fiom his horns ,to create wealth to the most and never to the few, as its fathers, originally theorized.
Its up to decent persons in power to speak up loud and clear, or the consequences will turn unpredictable when more then half of the human race live with 2 dollars a day.