Economic news pushing McCain / Palin off front page: 605,000 jobs list in 2008

[Liberal_in_LA]

http://money.cnn.com/2008/09/05/news/economy/jobs_august/index.htm?cnn=yes

Jobless rate soars to 6.1%
Unemployment surges to 5-year high as employers cut workers for eighth straight month, bringing '08 job losses to 605,000.

By Chris Isidore, CNNMoney.com senior writer
Last Updated: September 5, 2008: 9:03 AM EDT

NEW YORK (CNNMoney.com) -- The unemployment rate soared to a nearly five-year high in August, topping 6%, as employers trimmed jobs for the eighth straight month, according to the latest government reading Friday that came in weaker than forecasts.

The big surprise in the report was that the unemployment rate rose to 6.1%, the highest level since September 2003. That's up from the 5.7% rate in July and 4.7% a year ago. Economists surveyed by Briefing.com had forecast the rate would remain unchanged from the July reading.

There was a net loss of 84,000 jobs in August, ac