LoginThe latest jobs numbers revealed that while some were able to find employment opportunities, the recovery was unfolding at a slower rate than what is needed to get back to pre-recession levels.
The Labor Department released figures that showed just 96,000 jobs had been added in the month of August as the unemployment rate fell to 8.1 percent. Many economists had expected far higher numbers during the month and were disappointed by the relatively small total. USA Today reports that one of the reasons that the unemployment rate fell was that 368,000 workers dropped out of the workforce.
Leading the charge was the hospitality and leisure sector, which saw a 34,000 gain, while the professional segment added 28,000 and health services increased employment by 22,000. In an interview with the news source, Beata Caranci, deputy chief economist at TD Economics said that those who didn't have the right skills would continue to struggle.
"If you don't have the skills that fit in (the three strongest sectors), you have a hard road ahead," Caranci says.
The issue of jobs is one of the main issues during the 2012 presidential election. During his recent speech at the Republican National Convention, GOP nominee Mitt Romney pledged that under his administration 12 million jobs would be created.
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