as the U.S. Economy Shows No Job Growth. Worse yet,
Data for the previous two months were revised down by a total 58,000 to show payroll increases of 85,000 jobs in July and only 20,000 in June, the government report showed.
The unemployment rate, which is obtained from a separate household survey, was unchanged at 9.1% last month. About 14 million Americans who would like to work can’t get a job.
And the average private-sector workweek fell to 34.2 hours from 34.3 hours, a sign of a greater slowdown in activity than economists had expected.
The results were worse than expected.
We’ve gone from “unexpectedly” to “worse-than-unexpectedly,” then?
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