Employers add no net jobs in August

CHRISTOPHER S. RUGABER, AP Economics Writer

WASHINGTON - 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. Dow futures fell nearly 100 points shortly before the market opened.

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 58,000 fewer jobs added. The downward revisions were all in government jobs.

The average work week also declined and hourly earnings fell by 3 cents to $23.09.

Weak growth, Standard & Poor's downgrade of long-term U.S.