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Yet Another Disappointing Jobs Report - Fed Action May Follow

gliderdriver Wrote: Sep 07, 2012 9:31 AM
All they did was run out of unemployment benefits. That is really the only means the government has to count "the unemployed".
It's become a common refrain on Fridays when the Bureau of Labor Statistics releases the jobs report from the last month: it was a lackluster month for employment. Fewer than 100,000 new jobs were added yet the unemployment rate ticked down to 8.1% due to more Americans becoming discouraged and leaving the labor force.

Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health...