Report: No Job Growth Last Month

By Toni Vranjes

September 2, 2011

The job market is still in the doldrums.

Employers created no new jobs in August, and unemployment remained at 9.1 percent, the Labor Department reported today. In contrast to flat payrolls last month, employers created 85,000 jobs in July, according to revised numbers released by the government.

In America today, 14 million people are jobless, and nearly 43 percent of them have been unemployed for 27 weeks or longer. Meanwhile, the “underemployment rate” has ticked up slightly, to 16.2 percent. The underemployment rate is a broader measure, including part-time workers who would prefer full-time jobs, as well as people who have dropped out of the labor force entirely.

The jobs report follows a bleak forecast released yesterday by the White House, which predicts 9 percent average unemployment during the 2012 election year. In an effort to jump-start hiring, President Obama is set to unveil a new job-creation plan next week.

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