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CNN Money…
August jobs
report: Hiring slows, unemployment falls
By Steve Hargreaves
September 7, 2012
Ohio August jobs report at 7.2 percent, unchanged from June and July -
ORP Chairman Bennett releases statement below - NEW YORK (CNNMoney) --
The labor market lost momentum last month as job growth fell to a
disappointingly slow pace. The unemployment rate also fell, as more
people stopped looking for jobs. The economy added 96,000 jobs in
August, down from 141,000 jobs in July, the Department of Labor said
Friday. Meanwhile, the unemployment rate fell to 8.1%, from 8.3% in
July. Economists polled by CNNMoney were expecting 120,000 jobs to be
added in the month, and the unemployment rate to remain unchanged. The
unemployment rate fell largely because 368,000 people stopped looking
for work, many of them young people. Just 63.5% of the working-age
population was either employed or actively looking for work -- a
30-year low.
"These numbers are not very strong," said Joseph LaVorgna, chief U.S.
economist at Deutsche Bank. "The job market is improving, but only
gradually."
Read the rest of the story at CNN Money
ORP Chairman Bob Bennett
New Job Numbers
Didn't Meet Expectations
COLUMBUS - Ohio Republican Party Chairman Bob Bennett released the
following statement on the August unemployment numbers, which were far
below expectations.
"Ohio is a model for the rest of the country to follow because under
Governor John Kasich's leadership, Ohioans have created over 122,000
jobs and counting despite fierce opposition from Washington. The
American people will hold President Obama accountable for his record of
unmet goals and unfulfilled promises," said Bob Bennett.
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