US Job Growth Stalls

Posted September 2nd, 2011 at 8:45 am (UTC-5)
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Job growth stalled in the U.S. economy in August, leaving the unemployment rate at a relatively high 9.1 percent.

Friday's report from the Labor Department shows no net gain of jobs in August, compared to an estimated net gain of 85,000 in July. Most economists had predicted the figures would show at least some gains in the job market.

U.S. President Barack Obama will introduce a plan to stimulate the national economy and create jobs in a speech before a joint session of Congress next Thursday.