Report Shows No Jobs Were Added in August

President Barack Obama speaks to a joint sessi...

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On Friday, government report on hiring announced that the unemployment rate, at 9.1%, did not change last month, and the economy did not add any jobs during the month of August.

Next week, President Barack Obama is going to deliver an address to a joint session of Congress that will lay out his jobs plan. He is expected to propose tax incentives that will promote hiring and infrastructure spending.

The new data sent stocks tumbling. The Dow Jones industrial average fell 2.2% Friday.

Despite the steadiness of the unemployment rate, the rate is lower than it was last year at this time.

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Filed under Economy, National

One Response to Report Shows No Jobs Were Added in August

  1. Pingback: Obama Better Give One Hell of a Speech | 2012: What's the 'real' truth?

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