The nation's unemployment rate rose to 9.7 percent in August, the highest rate in more than 26 years, even as the pace of job losses slowed sharply last month, the government reported Friday.
Employers shed 216,000 jobs in August, a significant slowdown from the revised 276,000 jobs lost in July. Taken along with a key manufacturing index showing growth for the first time in 18 months, Friday's job numbers from the Bureau of Labor Statistics are one more indication that the U.S. economy appears to have hit bottom and is on a slow upward climb.
The graphic below shows unemployment figures since Obama took office and promised to "save or create" millions of jobs.
Graphic credit: Gateway Pundit