Home > Uncategorized > Economy is treading water

Economy is treading water

The unemployment rate edged up and private-sector job creation continued at a modest pace in August, the government said Friday, reflecting an economy that is treading water, neither accelerating into a robust recovery nor slipping into another recession, the Washington Post reports.

The unemployment rate rose slightly to 9.6 percent, from 9.5 percent, the Labor Department said, as hundreds of thousands of people rejoined the labor force.

Private employers, meanwhile, created a net of 67,000 jobs, better than expected but below the 107,000 positions they added to payrolls in July. Overall, the nation shed 54,000 positions, but that was driven by the elimination of temporary Census jobs, which was widely anticipated.

Full story…

http://twlv.net/Znzo4U

Advertisements
Categories: Uncategorized
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: