Jobs Lost

Hmm...54,000 jobs lost in August. Ya know--that's a highly speculative number. I agree that when you know that 150,000 jobs were lost by the census workers who knew their job was only temporary (leaving a net increase in jobs of 67,000)and then you realize that August probably is a high month for job losses anyway because of the end of the vacation season. I know that everyone who was making a buck or 2 at summer camps, ice cream parlors, and souvenir shops in tourist traps either lost their job or is only working there for off season possibilities and/or just to keep the doors open all year. Similarly, I predict that business will begin to thrive in college towns. I know that I'm already used to coming back to school in late August to find 3 or 4 new businesses on the Corner because the previous ones didn't survive the deserted summer season. Do we need to do something to increase employment? Yes. But also remember, the "natural" unemployment rate is 5%. Which is low for most countries in this world.