An article titled ‘U.S. economy sheds 216,000 jobs in August’ says just that, and goes on to say the U.S. unemployment rate rose to 9.7% after dipping to 9.4% in July. If this number holds (jobs losses for June/July concurrently were adjusted upward by 49,000) the decline in U.S. job losses from the previous month was the smallest in absolute numbers experienced in 2009.  The U.S. Labor Department also said that since December 1, 2007 the 6.9 million jobs have been lost in the U.S.

This year, the following monthly numbers U.S. Job Losses have been reported, and then in several cases subsequently have been adjusted (usually upward):  January – 614,000, February – 697,000, March – 742,000, April – 539,999, May – 345,000, June – 467,000, July – 276,000, August – 216,000.  By any standard monthly U.S. job losses have been declining in since March, and at the current rate of monthly decline can be interpreted to say that U.S. Job Losses could bottom out by the end of 2009  or early 2010 – even setting aside what I would expect to be temporary job hires in October – December related to the Thanksgiving and Christmas retail season.  That said, in my view continuing U.S. jobs losses are a ‘There is no joy in Mudville’ story for the time being at least.

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