Image source: The Washington Post

BY: JONATHAN KETZ

You're watching multisource business video news analysis from Newsy.

The U.S. economy added net zero, ziche, nada... no jobs in August. That’s the net-net of the Bureau of Labor Statistics’ report for the month. It’s the first time there’s been no measurable growth in almost a year. HLN breaks down the numbers.

“We’ve got 14 million Americans out of work officially. We know that number is a lot higher. People aren’t getting counted.”

CNN says, the report however --- is a little bit skewed. 45,000 thousand Verizon jobs and many Minnesota workers played a big part in the report.

“A couple of things we should point out, the report was distorted because it counted thousands of Verizon workers who went on strike but that were now back on the job. The numbers also included Minnesota employees who were temporarily out of work because of the government’s shutdown.”

Along with August’s report comes bad news from earlier this summer. Employers added 58,000 fewer jobs in June and July than first reported. Fox News believes the big decline is starting to affect Wall Street.

“If we take a look at the Dow, the Dow has been trading lower for most of the morning. You can see down more than 200 points right now. Normally a light trading day, by the way heading into the Labor Day holiday.”

All eyes are now on President Obama and his jobs speech. The Obama Administration concedes the jobless rate is quote - “unacceptably high.” Still -- MSNBC is skeptical.

“What we have is basically White House officials say, just wait till next Thursday when the President puts out a bipartisan plan and they emphasize the bipartisan nature time and time again, talking about how the Republicans have voted for some of the things the President has put forward.”

Republican presidential candidates wasted no time in criticizing the president -- in advance of the election season heating up. I’m Jonathan Ketz for Newsy, multiple sources, the real story.

Transcript by Newsy