02 September 2011 17:04 [Source: ICIS news]
The department also revised downward non-farm employment numbers for June and July by 58,000 jobs.
There were 14m unemployed people in August. The unemployment rate held at 9.1%, showing little change since April, the department said.
The number of long-term unemployed – those jobless for 27 weeks and more – was nearly unchanged, at 6.0m in August. The long-term unemployed accounted for 42.9% of overall unemployment.
Manufacturing employment was essentially unchanged in August, following a gain of 36,000 in July.
Virginie Maisonneuve, the London-based head of global equities at investment bank Schroders, said the August US jobs data was disappointing.
“I was expecting weak numbers, but I think zero [non-farm employment growth] was a surprise, weaker than I thought,” she said.
“We are in a crisis of confidence mode since the debt negotiations in the
This week the White House Office of Management and Budget said it expected the
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