Today the Labor Department announced the unemployment rate remained at 9.1%. Employers fired as many workers as they hired last month meaning economic recovery will continue to have to hurdle obstacles. This was the worst month in over a year for unemployment. August 2010 numbers showed a loss of 59,000 jobs.
Economists predict 150,000 jobs needed to be added monthly to keep up with the national population growth alone. To help recover the millions of jobs lost during the financial crisis, job growth needs to be even stronger.
A CNNMoney survey of 21 economists expect job growth to remain weak for the rest of the year, with the economy adding an average of 110,000 jobs each month and the unemployment rate dropping down to 8.9%.
