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Market Check: Stocks well off the lows. Dow Down 24, Nasdaq Down 17, S&P Down 6
White House says no need for a second stimulus despite the bad jobs report.
Data from the National Hurricane Center shows that Hurricane Ike can enter the Gulf of Mexico on Wednesday of next week.
Nonfarm Payrolls in the U.S. fell 84,000 in August, which was slightly higher than the 75,000 drop analysts had expected. Surprisingly though, the unemployment rate rose from 5.7 to 6.1 percent in August.
Employment fell in manufacturing and employment services, while mining and health care continued to add jobs.
Revisions for the prior two months added another 58,000 to job losses.
Average hourly earnings rose by 7 cents, or 0.4 percent, over the month.
Over the past 12 months, the number of unemployed persons has increased by 2.2 million and the unemployment rate has risen by 1.4 percentage points, with most of the increase occurring over the past 4 months.
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T. Boone Pickens Doesn't See Oil Moving Below $100 -CNBC
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McCain's Big Surprise - Alaska's Sarah Palin Named VP Running Mate
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McCain Chooses Palin as VP
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McCain Will Pick Alaska Gov., Sarah Palin -CNBC
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John McCain's Camp Confirms That They Have Picked A VP Running Mate
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WSJ Retracts Statement that Obama Has Named a Running Mate
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Obama Names Virginia Governor Kaine as Running Mate -WSJ
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