Hiring Slowed in August; Jobless Rate Declined to 8.1%
Job growth slowed substantially in August. 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%, from 8.3% 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.
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