Today’s Employment Situation Report indicated that in August, net non-farm payrolls increased only slightly adding 96,000 jobs overall with the private non-farm payrolls sub-component adding just 103,000 jobs while the civilian unemployment rate declined slightly to 8.2% over the same period.Net private sector jobs increased just 0.09% since last month climbing 1.80% above the level seen a year ago but remained a whopping 3.64% below the peak level of employment seen in December 2007.
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