toomuchtime_
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- Dec 29, 2008
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Job creation slipped further into the doldrums last month, heightening worries about the state of the recovery and adding to the hurdle President Barack Obama needs to leap to win re-election in November.
The Labor Department reported Friday that the economy created a tepid 96,000 jobs in August, well below the 125,000 expected by economists and a far stretch from the plus-250,0000 needed to show robust growth. The unemployment rate slid to 8.1 percent from 8.3 percent as more Americans gave up looking for work.
Jobs growth slows to a snail's pace in August - Economy Watch
The unemployment rate slid to 8.1 percent from 8.3 percent as more Americans gave up looking for work.
Meaning that under Obama's (lack of) leadership more and more Americans are losing hope for the future.