American job growth was stagnant in August. No new jobs were added and the unemployment rate remains at 9.1 percent.
Indiana University Southeast Professor Uric Dufrene has weighed in on the latest report with Chris Otts at the C-J‘s Derby City Sense blog:
This national slow down will be seen in Louisville numbers. For example, last month, Lville saw a decline in month over month jobs (even though the unemployment rate declined). Indy lost 9,100 jobs last month. We will begin to see more of a slow down in manufacturing, and this will impact both KY and IN.