Date: 09/02/2011 08:50 PM
Subject: CNN Breaking News
The U.S. says the economy added no jobs in August, the worst number since September 2010. The jobless rate was unchanged at 9.1%.
While the number was partially distorted by a one-time quirk from more than 40,000 striking Verizon workers, it was still weak in comparison to job gains of about 200,000 a month earlier this year.
Economists typically estimate the nation needs to add about 150,000 jobs each month to keep up with population growth alone. It needs even stronger growth to recover the millions of jobs lost during the financial crisis.
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