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.

The Decline of the Rich

Tax the rich? According to a new report, the rich have an increasingly-shrinking slice of the pie. But Obama and the left say they need to pay just a little bit more. Just a little more sacrifice.

CNBC has the story:

The presidential election has given us two myths about the rich. First, that their incomes, and income inequality, are at all-time highs. Second, that the wealthy pay less in taxes than ever, and lower taxes than the rest of us.

A recent report from the Congressional Budget Office, however, suggests that both may be false.

The Falling Fortunes of the One Percent || CNBC.com