Fugumble

News and Opinion from a Different Point of View

NYT: U.S. Lost 54,000 Jobs In August; Rate Rose To 9.6%

user-pic

|

Tags: Economy, Employment, Jobs, Unemployment, United States

With the American economic recovery showing clear signs of slowdown, private employers added 67,000 jobs in August, the Labor Department said on Friday. The number was more than forecast.

Over all, the nation lost 54,000 jobs in August, the agency said, as state and local governments, many of them grappling with severe budget deficits, cut 1o,000 jobs last month. Another 114,000 temporary Census positions also came to an end. In all, governments cut 121,000 jobs last month.

Read the entire New York Times article here.
Enhanced by Zemanta

Leave a comment