The economy added a total of 96,000 jobs in August, down from a revised figure of 141,000 in July and well below the 125,000 level economists had been expecting. The jobless rate fell to 8.1 percent, from 8.3 percent in July, but economists said that was a sign more unemployed workers were discouraged about the prospect of finding new jobs, rather than an indication new jobs were being created.Not surprising to anyone who has been paying attention rather than gushing at Republican and Democratic convention speakers.
Friday, September 07, 2012
Hiring Slowed in August; Jobless Rate Fell to 8.1%
From the NY Times: