Only 96,000 Jobs Created in August
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The U.S. Chamber's Chief Economist Marty Regalia commented:
For yet another month the economy created a paltry number of jobs. The unemployment rate dropped because 368,000 people left the workforce. The participation rate in the jobs market is at a 30-year low. Clearly the economic policies that have been implemented in Washington are failing. These numbers virtually assure that the Fed will try to bail out the economy with yet another round of monetary easing.
As the chart below shows, the weakest post-recession jobs recovery since World War II continues.