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Oh No! CNN, AP Break with Obama and Dems; "Fact Check" False Claims on Job Creation.

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posted on Sep, 10 2012 @ 05:23 PM
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Originally posted by thepresident
The AMERICAN economy added 200,000 jobs this month!

GO AMERICA!




NEW YORK (CNNMoney) -- The labor market lost momentum last month as job growth fell to a disappointingly slow pace. The unemployment rate also fell, as more people stopped looking for jobs.

The economy added 96,000 jobs in August, down from 141,000 jobs in July, the Department of Labor said Friday.

Meanwhile, the unemployment rate fell to 8.1%, from 8.3% in July.

Economists polled by CNNMoney were expecting 120,000 jobs to be added in the month, and the unemployment rate to remain unchanged.

The unemployment rate fell largely because 368,000 people stopped looking for work, many of them young people. Just 63.5% of the working-age population was either employed or actively looking for work -- a 30-year low.


money.cnn.com...

edit on 10-9-2012 by Kituwa because: (no reason given)



 
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