The U.S. economy slammed into a wall in August, failing to add any jobs for the first time in nearly a year and ratcheting up pressure on President Barack Obama to find a way to kick-start the sputtering recovery.What's even more striking is the last time there was neither a net gain or loss of jobs was the last year of World War II, 1945.
There was a little bit of positive news in last Friday's Employment Situation Report. The labor participation rate and employment-population ratio did not decline. Of course, that's more than offset by the fudge factor of 87k jobs that brought the August numbers up to zero.
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