Unemployment remained unchanged in August as employers added no new jobs for the first time since World War II, the Department of Labor reported Friday morning. The disappointing numbers will add pressure on President Obama to do more to stimulate hiring, which has been in a funk since the financial crisis began three years ago.
Economists had been expecting 93,000 new jobs last month, down from 117,000 in July. The unemployment rate stayed, as expected, at 9.1 percent. The fact that no net...Full Story