Jobless rate falls to 8.1 percent
By The Week Staff | September 7, 2012
Job seekers wait to speak with potential employers at a job fair in New York last month; the unemployment rate increased, but more jobs were added in April.
Spencer Platt/Getty Images
T
he Labor Department announced Friday morning that the U.S. economy added just 96,000 jobs in August — well below analysts' expectations of 130,000 or so net new jobs. Still, the unemployment rate fell from 8.3 percent in July to 8.1 percent in August. The Labor Department also revised July's job gains downward, reducing the number from 163,000 to 141,000. The jobs report had been anticipated for days, and will instantly become fodder in the economy-focused presidential race.
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