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August Jobs Report: We'll Work Again Someday, But Probably Not Today

On the heels of a successful Democratic National Convention comes the August jobs report. And it's totally...well, it's sort of okay instead of really bad, so that's good?

The Bureau of Labor Statistics says U.S. employers added 96,000 jobs in August and the unemployment rate dropped to 8.1%.

Payroll provider ADP, however, released its own private survey yesterday that says U.S. businesses added 201,000 jobs in August, and that job growth in July was actually better than reported.

ADP says that small businesses lead the way in hiring last month -- always a good sign. The healthcare sector is a hot hiring market, too.

So things are looking up, at least somewhat, on this old, creaky roller coaster we call economic recovery. Creating 96,000 jobs is always better than losing 96,000 jobs, right? Right. At least things are moving in the right direction. It's way better than the hot mess of an economic crisis we called October 2008. I'll take it.

Update: Ezra Klein of The Washington Post thinks the August jobs report is pretty bad.

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