Economy, August | featured news

U.S. Lost 54,000 Jobs in August; Rate Rose to 9.6%

U.S. Lost 54,000 Jobs 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.

 

Discounts spur surprising retail sales gains

Retailers are reporting surprisingly solid gains for August even as unusually hot weather and job worries kept a lid on back-to-school buying.

 

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