With today’s disappointing jobs report showing employment stalled in August, all eyes are turning toward President Barack Obama and his jobs-plan speech before Congress next week.
The government said Friday that the U.S. economy failed to add jobs last month for the first time in almost a year, putting pressure on policy makers –especially the president –to jump-start a moribund labor market. The unemployment rate is stuck at 9.1%. The private sector, which has generally been a bright spot in the monthly labor reports, added just 17,000 jobs last month.