The unemployment rate is down to just 6.1 percent, according to the latest jobs figures released by the Bureau of Labor Statistics.

The U.S. economy created a net 142,000 new jobs in August. That's decent job growth, but significantly less than the 230,000 jobs that economists were expecting. More disappointingly, the labor force participation rate fell to 62.8 percent, from 62.9 percent.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.