Jobless Wrap-Up for August

Today the Bureau of Labor Statistics came out with its August job numbers.

Clinton: "This election to me is about which candidate is more likely to return us to full employment."

Here's a wrap-up of the best headlines (Kudos to the Drudge Report for some of these.):

The unemployment rate for August is 8.1 percent, Yahoo Finance reports.

A record 88.9 million Americans are not in the workforce, CNSNews.com reports.

The real unemployment rate for June is 15 percent says Sen. Bernie Sanders (I-Vt.), yours truly reports for Politic365.com.

Black unemployment remains at 14.1 percent, Politic365.com reports.

Low-wage jobs add the most jobs in the past year, Zerohedge reports. Jokes: Tomorrow's Pravda Today headline: "UNEMPLOYMENT RATE PLUNGES"

Confirmation: A study says that the majority of new jobs pay low wages, the New York Times reports.

Two charts show that President Obama is the worst among job creators, The Goins Report compiles the sources.

Related: Taxing Millionaires Won't Fix the Economy, CBS News reports. The rich aren't getting richer, CNBC.com reports--they're getting poorer. Marketwatch reports that college graduates are taking jobs that require no degree.

Taxing Millionaires won't fix the Economy, Budget Expert says

From CBS News:

(CBS News) Federal budget expert Maya MacGuineas, president of the nonpartisan Committee for a Responsible Budget, said the "Buffett Rule" is not "going to come anywhere close to fixing the problem" of income inequality or the national debt

"Because...growing income inequality has been so pronounced in the past year, what you can't do is pretend that only taxing millionaires is going to come anywhere close to fixing the problem," MacGuineas said on CBS News' "Face to Face."

Budget expert: Taxing millionaires won't fix the economy || CBS News 

Related: The Decline of the Rich

Ron Paul vindicated on the real rate of inflation

(GoinsReport.com) -- A recent report by CBS vindicates what Rep. Ron Paul (R-Texas) said yesterday during an exchange with Federal Reserve chairman Ben Bernanke during a House Financial Services meeting--namely, that the inflation rate is much higher than what government statistics suggest.

While Paul was likely referring to the Congressional Budget Office's Consumer Price Index (CPI) or Bureau of Labor Statistics Data, the CBS article refers to the American Institute for Economic Research's everyday price index which says that prices are up 8 percent over a year--just one percent short of what Paul said during the hearing yesterday.

During the exchange yesterday, Paul told Bernanke: "Ok, so you’re aware of the prices, but you know this argument that the prices are going up about 2 percent, nobody believes it."

He continued: "You know in the old CPI says prices are going up about 9 percent so they believe this," he continued.

"People on fixed incomes – they’re really hurting, the middle class is really hurting because their inflation rate is very much higher than the government tries to tell them and that’s why they lose trust in government," Paul said.

Read the rest of the CBS article by clicking the link below.

Inflation: Not as low as you think || CBS News

Video: Families Living In Cars