WASHINGTON —
The unemployment rate rose in August for the first time in four months as weak hiring by private employers wasn’t enough to keep pace with a large increase in the number of people looking for work.
The Labor Department says companies added a net total 67,000 new jobs last month, down from July’s upwardly revised total of 107,000. Wall Street analysts expected a smaller gain, according to Thomson Reuters.
Overall, the economy lost 54,000 jobs as 114,000 temporary census positions came to an end. State and local governments shed 10,000 positions. The jobless rate rose to 9.6 percent from 9.5 percent in July.
More than a half-million Americans resumed their job searches in August, which drove up the jobless rate. When the unemployed stop looking for work, they are no longer counted in the jobless rate.
National News
September 3, 2010
Unemployment rate rises as labor force expands
- National News
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Gas prices expected to fall further heading into summer
Millions of travelers breathed a sigh of relief when gasoline prices fell in the weeks leading up to the heavily traveled Memorial Day weekend.
Gas prices could fall even more in the weeks ahead, and even if they do rise in July and August, they are likely to remain well below the $4 or $5 per gallon that some observers had feared.
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- May 27, 2012
- Beryl now a tropical storm, nearing US coast
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