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Home » August jobs report falls short of expectations
The economy added 96,000 jobs in August – enough to lower the unemployment rate to 8.1 percent, but not enough to meet most economists’ predictions of 125,000 new jobs.
Today’s Labor Department jobs report is the last one before the November election and comes on the heels of the Democratic National Convention, which ended last night with a speech by President Barack Obama that addressed the nation’s economic problems.
The economy added 96,000 jobs in August – enough to lower the unemployment rate to 8.1 percent, but not enough to meet most economists’ predictions of 125,000 new jobs.