In the US almost no one actually gets hired in August. This is because hiring is a multi-person decision, and too many of the decision makers are on vacation in August.
August is also the month that politicians pick to make unpopular announcements. This is because most people are on vacation in August and will not notice the unpopular decision. So, if a city is laying off a lot of people, they will try to make the layoffs happen in August.
Therefore, US August job numbers are not a real indication of the US job market as a whole.
Again, you are using the European "debt crises" as a reason to go crazy. I think you are WAY overreacting. In fact, you may be selling based upon a deliberate propaganda campaign designed to get you to sell low and buy high.
It is possible that this same propaganda campaign is behind the US "debt crises" fears. Especially since the US debt is actually a lot less than reported if you do not count the debt the US government owes to the US government.
Fear is WAY easier to trigger than confidence. So, if you want to manipulate people and/or markets, you generate fear in any way you can. Such manipulation and propaganda is protected free speech. Therefore, you are going to have to learn to protect yourselves.
The best way to protect yourself is to invest in something you know or can research. It is VERY RISKY to make quick market decisions for a culture with which you are unfamiliar.
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