August Jobs Report

From the BLS:

Nonfarm payroll employment rose by 144,000 in August, and the unemployment rate was little changed at 5.4 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Over the month, job growth occurred in several service-providing industries.

This is a decent employment report, in line with expectations, but nothing great. Some new jobs were created, but just barely enough to keep up with population growth. The result will be that Bush’s legacy at the time of the election will be a total net loss of roughly 1 million jobs during his presidency. A remarkable acheivement.