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Job growth grinds to a halt

Grim17

Grim17

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Wow... Zero jobs added for August, with June and July numbers revised downward by 58,000 jobs...

Not looking good.


Job growth grinds to a halt
By Lucia Mutikani | Reuters – 16 mins ago

WASHINGTON (Reuters) - Employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish U.S. businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

Nonfarm payrolls were unchanged, the Labor Department said on Friday, the weakest reading since September. Nonfarm employment for June and July was revised to show 58,000 fewer jobs.

Despite the lack of employment growth, the jobless rate held steady at 9.1 percent. The unemployment rate is derived from a separate survey of households, which showed an increase in employment and a tick up in the labor force participation rate.
Click to expand...

Job growth grinds to a halt - Yahoo! News
 
Oh I can promise you, had this kind of news been under Bush, he would have been blamed. But since it's 2.5 years into the Obama administration, well on second thought.....not much has changed has it?
 
I love the article's title. :lamo

As if there were any job growth to be halted.
 
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