WASHINGTON (AP) — Employers stopped adding jobs in August, an alarming setback for an economy that has struggled to grow and might be at risk of another recession.
It was the weakest jobs report since September 2010. The unemployment rate remained at 9.1 percent.
Stock futures plunged on the news. In the 15 minutes after the report was released, Dow futures fell 94 points, from 11,401 to 11,318.
A strike by 45,000 Verizon workers lowered the job totals. Those workers are now back on the job.
The weakness in employment was underscored by revisions to the jobs data for June and July. Collectively, those figures were lowered to show 57,000 fewer jobs added. The downward revisions were all in government jobs.