Payrolls were stagnant in August; jobless rate remains 9.1%

09/2/2011 | Bloomberg · Wall Street Journal, The

U.S. payrolls were largely the same in August as in July, according to Labor Department data released today. It was the weakest employment report since September 2010. The August unemployment rate was unchanged at 9.1%. "This is further evidence that the economy is very close to stalling if not having stalled," said Nariman Behravesh, chief economist at IHS.

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Bloomberg · Wall Street Journal, The

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