According to key non-farm payroll figures from the U.S. Department of Labor, no new net jobs were added by the U.S. economy in August. This marks the first time since 1945 that the US has experienced a zero payrolls figure. The August number was much lower than anticipated (the predicated figure was approximately 70,000 new jobs) and the unemployment rate has remained stagnant since July, at 9.1 per cent. President Obama will deliver a speech next Thursday outlining a new agenda for increasing growth and creating jobs.
FILED UNDER: unemployment