Daily Tickr: New Jobs at 96,000, Missing Expectations; Rate Hits 8.1%
Employment growth remained weak in August, with just 96,000 new positions created but the unemployment rate dropped to 8.1 percent, according to a report that raises the possibility of more Federal Reserve easing. The decline in the jobless rate, from 8.3 percent in July, came primarily because the labor force participation rate fell to 63.5 percent, its worst level in more than 30 years.
The Daily Tickr is a collection of some of the more interesting stories that are trending on the internet. We provide a brief synopsis, and link out to the original article.