August, Government Report | featured news

august, government report
(Image from article: "U.S. adds no net jobs in August; unemployment remains 9.1%")

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US unemployment aid applications decline to 365K

Unemployment

Fewer Americans applied for unemployment benefits last week, and a private survey showed businesses stepped up hiring in August. The data sketched a brighter outlook for the job market one day before the government reports on August employment.

 

U.S. adds no net jobs in August; unemployment remains 9.1%

U.S. adds no net jobs in August; unemployment remains 9.1%

Job creation came to a halt in August, according to new government data that show an economic recovery that appears to be sputtering out. The Labor Department on Friday reported zero net job creation in August, far worse than the 68,000 net jobs analysts had expected to be added. The unemployment rate was unchanged at 9.1 percent. The July job growth number was revised downward, as well, to only 85,000 jobs added that month — not the 117,000 estimated.

 

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