US employers add 169K jobs, rate falls to 7.3 pct.

WASHINGTON (AP) — U.S. employers added 169,000 jobs in August and much fewer in July than previously thought. The slowdown in hiring could complicate the Federal Reserve's decision later this month on whether to slow its bond purchases.

The Labor Department says the unemployment rate dropped to 7.3 percent, the lowest in nearly five years. But it fell because more Americans stopped looking for work and were no longer counted as unemployed. The proportion of Americans working or looking for work fell to its lowest level in 35 years.

July's job gains were just 104,000, the fewest in more than a year and down from the previous estimate of 162,000.

Employers have added an average of 148,000 jobs in the past three months, well below the 12-month average of 184,000.

Print this article Back to Top

Comments

or Subscribe now so you can share your opinion! It’s only a penny for a month trial.

Latest Forecast
More National News
Top 3 outrageous headlines of the week
Top 3 outrageous headlines of the week

Here are the top three outrageous headlines of the week.

GE selling Apollo 11-esque moon boot sneakers
GE selling Apollo 11-esque moon boot sneakers

Forty-five years after Neil Armstrong took a giant leap for mankind, General Electric has taken a small step — into shoe design.

Is anyone still watching Syria's civil war?
Is anyone still watching Syria's civil war?

Syria is home to the world's longest-running and deadliest civil war. 

When do executive orders go too far?
When do executive orders go too far?

On this week's podcast we ask: what are executive orders for and what can the president do with them? What’s considered…

Google won't call games with in-app add-ons free
Google won't call games with in-app add-ons free

Google will no longer call apps in its Google Play store "free" if they have in-app purchases.

Do alcoholic energy drinks increase drinking?
Do alcoholic energy drinks increase drinking?

A new study suggests mixing alcohol and energy drinks gives you more energy to stay up and drink more.  

5-Hour Energy sued over ad claims
5-Hour Energy sued over ad claims

Two attorneys general from the Northwest have sued the companies responsible for the popular 5-Hour Energy drink, alleging they engaged in…

Harper Lee and the challenge of privacy
Harper Lee and the challenge of privacy

Why is it the more people like Harper Lee want privacy, the more they are preyed upon? I wish I could apologize on behalf of writers and…

Congressional deal on child crisis? Maybe not
Congressional deal on child crisis? Maybe not

A week ago, there were plenty of signs that leaders in Washington were trying hard to keep a deal on the politically volatile child border…

Dad beats accused child abuser, avoids charges
Dad beats accused child abuser, avoids charges

Police say a Daytona Beach father beat an 18-year-old man unconscious after finding him sexually abusing his son.