The unemployment rate fell to 8.1 percent from 8.3 percent in July, the Labor Department said Friday. But that was only because more people gave up looking for work. The government only counts people as unemployed if they are actively searching.
The government also said 41,000 fewer jobs were created in July and June than first estimated. The economy has added just 139,000 jobs a month since the beginning of the year, below 2011’s average of 153,000.
Dow Jones industrial futures, which had been up before the report, fell soon after it was released.
The hiring figures and unemployment rate will be among the most politically consequential of the campaign. They arrive just as the presidential race enters its final stretch. Jobs are the core issue, and the report could sway some undecided voters.
Read/learn more at CBS News.
- Snoop Dogg Reinterpreted As European Noblemen [LOOK!]
- Watch: Today You Wouldn't Recognize the Little Boy from 'Katrina' (Hint: He's Now a Grown ... Woman!)
- The Soul of the U.S. Open: Serena Williams' Quest; Tournament Preview
- Tiffany Pollard and Her Mother Set to Appear on VH1’s 'Family Therapy'
- Trevor Noah Teases ‘The Daily Show’ Takeover [WATCH]
- Caitlyn Jenner Adult Unisex Costume Timely for Halloween, But LGBT Community Not Amused
- NeNe Leakes Confirms Hosting Gig on ‘Fashion Police’
- FDA Clears the Way for 'The Little Pink Pill' Viagra for Women!
- Beverly Johnson: 'The Face That Changed It All' - EUR BOOK REVIEW
- Janelle Monáe & Wondaland Records Artists ‘Speak Up’ on #BlackLivesMatter
- Discover More Stories on EURweb: Click Here