August Jobs Report: Hiring Grinds To A Halt

Source: Annalyn Censky / CNN Money New York – Employers added no jobs in August, the Labor Department said Friday and the unemployment rate remained at 9.1%. "We expected a weak report, and what we got was even weaker," said Patrick O'Keefe, director of economic research at J.H. Cohn. The report was partially helped by 22,000 state workers in Minnesota returning to work after a temporary government shutdown in July, but was also hurt by 45,000 Verizon workers on strike [...]