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6:32am

Fri September 2, 2011
The Two-Way

Job Growth Halts; Unemployment Rate Stays At 9.1 Percent

Originally published on Fri September 2, 2011 8:18 am

The economy officially slipped into recession in December 2007 and officially came out in mid-2009. Here's a look at the number of jobs from January 2007 through August of this year.
Bureau of Labor Statistics

There was no net growth in jobs in August and the nation's unemployment rate stayed at 9.1 percent, the Bureau of Labor Statistics just reported.

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6:00am

Fri September 2, 2011
The Two-Way

Top Stories: Feds To Sue Banks; Gulf Coast To Get Drenched

In Graford, Texas, on Thursday: Longhorn cattle stood by as a wildfire burned in the distance.
Tom Pennington Getty Images

Good morning.

The most anticipated story of the day, which we reported about earlier, is the 8:30 a.m. ET release of the August employment report.

We've also already posted about a strong earthquake that was detected in the last hour off the Aleutian Islands.

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5:20am

Fri September 2, 2011
The Two-Way

7.1 Magnitude Earthquake Felt Off Alaska; Local Tsunami Warning Issued

Where the quake occurred.
West Coast and Alaska Tsunami Warning Center

This just happened:

A strong earthquake (preliminary magnitude of 7.1 later revised to 6.8) has been detected in a remote area of the Aleutian Islands off Alaska, about 1,000 miles west southwest of Anchorage, the U.S. Geological Survey reports.

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5:03am

Fri September 2, 2011
Around the Nation

Plane Passenger Spots Burglars At His House

An Arkansas homeowner recently caught a pair of burglars. Stephen Lynn wasn't home at the time, he was flying overhead in a friend's plane. The Jonesboro Sun says Lynn was taking photos of his house when he spotted the criminals. He called the police and gave them turn-by-turn directions.

5:00am

Fri September 2, 2011
The Two-Way

Stocks Down In Anticipation Of Weak Jobs News

Originally published on Fri September 2, 2011 5:05 am

The August employment report, due for release at 8:30 a.m. ET, is expected to show that the jobless rate stayed at 9.1 percent, or ticked higher, and that fewer jobs were added to payrolls than in July, both Reuters and Bloomberg News are reporting.

Each news service is basing their forecasts on surveys of economist.

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