Bye, Bye Jobs Growth, Hello Recession?

Zippo. Nadda. Goose egg. The big fat one. That's how many jobs the economy added in August. And that is really bad news.


The European debt crisis, the U.S. credit downgrade, Hurricane Irene, stocks dropping like flies - were bad for the economy.

However today's news that employers added a net of ZERO new workers to their payrolls in August takes the cake; leading some economists to talk more seriously that we are headed toward another recession.

Mark Zandi, who heads up Moody's Analytics, concluded that the poor jobs number essentially means the economy was no longer growing, at least for now.

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