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Policy

169,000 New Jobs Were Created In August

Unemployment rate dropped to 7.3 percent

Reason Staff | 9.6.2013 8:37 AM

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The number is out and it is weak.

There were just 169K new jobs in August.

What's worse. Last month was revised SHARPLY down from 162 to 104K.

The unemployment rate did, however, drop to 7.3% which is a bit odd.

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Reason Staff
PolicyEconomicsUnemploymentJobs
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  1. VG Zaytsev   12 years ago

    320,000 people left the labor force and the lfpr dropped to 63.2%; the employed to population rate dropped (again) to 58.6%.

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