The US economy lost 54,000 jobs in August which is 3rd month in a row that jobs have been lost.
The new claim for US unemployment insurance rose by 2000 to 484, 000.
WASHINGTON - The United States is selling fewer products around the world and spending more on cheap imported goods, an imbalance that hurts the job market at home and means the economy is even weaker than previously thought.
WASHINGTON - It's a rare bright spot in an otherwise troubled economy: The nation's manufacturing sector has now grown for a solid year, and more of its companies say they're ready to hire.
According to US Federal Reserve Chairman Ben S Bernanke, although, the stimulative monetary and fiscal policies helps to grow the economy moderately, the job market still remains very bleak.