(CBS MarketWatch) The U.S. economy lost payroll jobs in August for the seventh month in a row even as the unemployment rate dipped to 6.1 percent, the Labor Department reported Friday.
Non-farm payrolls shrank by 93,000, bringing the total job losses to 595,000 since January. The decrease in payrolls was the largest since March.
Economists had expected a small gain in payrolls of about 19,000 and had forecast that the jobless rate would hold steady at 6.2 percent.
Economists momentarily forgot that we have crackheads running the country.
