Another 54,000 Jobs Lost in August; Rate Rose to 9.6%

Private employers added 67,000 jobs, more than forecast, but governments shed jobs in August, the Labor Department reported, as the jobless rate rose to 9.6 percent.

The "Plunge Protection Team" Is very busy. The news is very political.

Believe Krugman.

http://www.calculatedriskblog.com/2010/09/unofficial-problem-bank-list-increases.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29

The bank failure rate has fallen from trend very little.