A Cruel Summer for the Labor Market

The August employment report showed a greater-than-expected decline in jobs -- and few signs of any pickup in hiring

The jobless recovery rolls along as the labor market can't seem to shake off its recent torpor. The Labor Dept.'s August employment report, released Sept. 5, showed a decline of 93,000 in nonfarm payrolls on the month, while the unemployment rate fell to 6.1% from 6.2%.

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