Posts
The US economy created a disappointing 96,000 jobs in August, below expectations of 130,000, and the unemployment rate fell to 8.1 per cent as participation in the labour force hit a new low.
The number is likely to remove any final doubts at the Federal Reserve about the need for more monetary stimulus. It may also dampen any political momentum that President Barack Obama gained from his Democratic convention speech last night and give his Republican rival Mitt Romney new scope to attack on the economy.
http://link.ft.com/r/OZMCDD/
No comments:
Post a Comment