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August Jobs reports disappoints

September 7, 2012 10:37
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The Bureau of Labor Statistics released its jobs reports today, saying that while the US added just 96,000 jobs in August, 34,000 less than expected, the unemployment rate fell from 8.3 to 8.1 percent. Why?
January 6, 2012 10:39
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A Tale of Two Continents

Unemployment reaches record high in euro zone, while falling a bit in the U.S.
Greek joblessness 0Enlarge
Greek workers protesting last month about job losses. Unemployment in Greece is currently over 18 percent contributing heavily to record high levels of joblessness in the euro zone (LOUISA GOULIAMAKI/AFP/Getty Images)

The good news first: the U.S. economy added 200,000 jobs last month. That dropped the headline unemployment rate to 8.5 percent from 8.7 percent. (The broader measure of unemployment, U6, which includes those out of work for more than 12 months and discouraged workers and those with part-time jobs who want full-time work remains in double digits).

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