Economy added 96,000 jobs in August, unemployment falls to 8.1%
September 7th, 2012
08:33 AM ET
2 years ago

Economy added 96,000 jobs in August, unemployment falls to 8.1%

NEW YORK (CNNMoney) - The labor market lost momentum last month as job growth fell to a disappointingly slow pace.

The unemployment rate fell, but that was largely due to people who stopped looking for jobs.

FULL STORY

Filed under: Jobs
soundoff (32 Responses)
  1. Malory Archer

    And right wing heads from coast to coast just exploded.

    September 7, 2012 08:37 am at 8:37 am |
  2. The Elephant in the Room

    Bottom line: the UNEMPLOTMENT RATE FELL to 8.1% from 8.3% two months before the election.

    Things are better than they were and are moving in the RIGHT DIRECTION.

    September 7, 2012 08:39 am at 8:39 am |
  3. Stephen Bibb

    • If Resources are the backbone of any economy then whoever controls those Resources has power to establish, develop, create, maintain, grow, stimulate, or advance economic growth.
    • The Fifth Amendment to Constitution says “The Supreme Court has held that the federal gov and each state has the power of eminent domain—the power to take private property for "public use".
    • Right or wrong, we the people have given this power to the Gov. The US Gov as well is responsible for REGULATING the exchange of goods and services by whatever exchange medium agreed to and accepted by the people (US Dollar).

    September 7, 2012 08:40 am at 8:40 am |
  4. Marty, FL

    Steady recovery going forward.

    God Bless America

    September 7, 2012 08:40 am at 8:40 am |
  5. THE truth

    Nice deceptive headline, cnn. Obama just lost the election.

    September 7, 2012 08:41 am at 8:41 am |
  6. Gurgyl

    God bless you, Obama, god bless USA....

    September 7, 2012 08:42 am at 8:42 am |
  7. Vee

    Progress and job growth is better than losing 800,000 jobs month.

    September 7, 2012 08:50 am at 8:50 am |
  8. obama is Out Of Touch with reality

    obama is nothing but lies, I cannot wait to see how obama spins the jobs report, only 96000 jobs in August and the revised June and July jobs reports are down, but obama will make a big deal out of the fact that unemployment went down, but tell the truth, it went down because people have quit looking, labor rates are only taken on those who are looking not those that the obama administration have already said no more to. Its time for this idiot to go and put a businessman in charge, bye bye obama.

    September 7, 2012 08:52 am at 8:52 am |
  9. HOLY TIGHTY WHITIES WILLARD

    Bad news Willard. If your obstructionist party wasn't working AGAINST the country, we could have had more jobs created. Pass the American Jobs Act NOW!!!!

    September 7, 2012 08:52 am at 8:52 am |
  10. Bryan Reed

    Great, It takes minimum of 130,000 jobs a week to keep up with population growth and somehow this dismal 96,000 shows a LOWERING of the unemployment rate. Obviously these numbers are pure manipulation. Wall Street was predicting at least 125,000 so hang on for the fall today.

    September 7, 2012 08:52 am at 8:52 am |
  11. Gotta Be Kiddin

    President Obama – 96,000 jobs
    House Republicans – ZERO
    (in my Pres. Bill Clinton voice)!

    September 7, 2012 08:56 am at 8:56 am |
  12. Anonymous

    Another anemic jobs report below expectations indicating job growth continues to lag population growth and the economy continues to weaken rather than strengthen. The only reason the unemployment rate ever drops is because more and more people continue to drop out of the job market entirely and are taken off the books. This election is about nothing more than jobs for the American people and Mr. BO has been a pathetic and miserable failure, period!

    September 7, 2012 08:56 am at 8:56 am |
  13. jen

    Give obama four more years to help fix this ecomony. Put Romney & Ryan in and you can kiss these new jobs bye bye.

    September 7, 2012 08:58 am at 8:58 am |
  14. RealityBites

    A progressive government view of a devastated American economy with only hope for change from Obama.

    September 7, 2012 09:01 am at 9:01 am |
  15. bb

    Thats it ??? geeeez more good work by Oblunder and co, by the way next week unemp will be revised, saying we missed some, anything to help the INEPT one

    September 7, 2012 09:05 am at 9:05 am |
  16. PeterD

    Poor Math. Only 96,000 Jobs added and Still Unemployment Fall 0.2%.

    September 7, 2012 09:05 am at 9:05 am |
  17. RealityBites

    Meanwhile..., out here in Reality.

    1.3 million Americans filed for first time unemployment in August, Obama's 44th month in office.

    September 7, 2012 09:07 am at 9:07 am |
  18. Kameron

    Unemployment drops to 8.1% only because 368,000 gave up looking for a job. Why is this not reported?

    Our middle class is giving up.

    September 7, 2012 09:09 am at 9:09 am |
  19. PeterD

    How can CNN spin this as a positive? Are they not a news source?

    September 7, 2012 09:09 am at 9:09 am |
  20. once upon a horse

    ok now yesterday it was reported 201,000 jobs were added to the economy.....now it's 96,000. Do these people really have any idea what they are talking about?

    September 7, 2012 09:13 am at 9:13 am |
  21. Ancient Texan

    As soon as EVERYONE drops out and quits looking for work, the unemployment rate will drop to 0%. Then where do we go from there, it's not UTOPIA.

    September 7, 2012 09:22 am at 9:22 am |
  22. WiredweirdinSF

    Way to go Obama!!! Nice counterpoint to the pack of lies you told last night. And then there was your hair plugged vice president who proclaimed the summer of 2010 as the "summer of prosperity" due to the stimulus program telling about all of the wealth and propertiy that will come our way if the most corrupt, inept, incompetent president in our history is given 4 more years. I think that democrat liberals might as well just stick to name calling, demeaning, and diminishing those who actually work for a living and pay taxes. It is the only thing they do really well.

    September 7, 2012 09:25 am at 9:25 am |
  23. S.B. Stein E.B. NJ

    The GOP will jump on this as not doing enough to get people to work... Really, what was the first bill that the GOP controlled House did in 2011 when it officially took over. I don't think it was a jobs bill. It isn't enough for most people, and I am sure that the president is disappointed as well. I would like to see the amount of new private sector jobs much higher also.

    September 7, 2012 09:27 am at 9:27 am |
  24. Hahahahahahahahah

    MORE tax cuts for the rich to create jobs in India and China!!!!!!!! Hahahahahaahaha

    September 7, 2012 09:33 am at 9:33 am |
  25. enuff

    Where is the automatic electronic response that Boehner is so used to hitting when the report comes out? maybe the repubs were so dumb founded by the speeches that Mrs. Obama, Clinton and the president gave, that they were awake all night trying to find a counter attack and forgot to write it.

    September 7, 2012 09:41 am at 9:41 am |
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