Hiring grinds to a halt in August; jobless rate remains unchanged and recession continues

NEW YORK (CNNMoney) — So much for getting Labor Day weekend off to a good start. The economy added no jobs in August, the Labor Department said Friday.

Zero, zilch, nada.

Meanwhile, the unemployment rate remained at 9.1%. “We expected a weak report, and what we got was even weaker,” said Patrick O’Keefe, director of economic research at J.H. Cohn.

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Tagged as: Economic recovery, hiring, Jobless, jobless rate, new jobs, President Obama, Recession, Unemployment, US economy