Private employers hired more workers than expected in August, lifting hopes for the weak U.S. economy, but the nation’s unemployment rate rose for the first time in four months, suggesting the economy will struggle to grow through the rest of the year.
Private employers added a total of 67,000 jobs last month, according to the Labor Department’s August jobs report released Friday. That number was below the amount of jobs needed to keep up with population growth, but was better than expected. Both July and June’s private-sector job figures were upwardly revised. msnbc
Christina Romer gives the rundown on her last day at the White House -- no new stimulus is being considered:
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