August Jobs: +173,000, 5.1% Unemployment

The August jobs report is out. The economy created 173,000 net new jobs last month. That was below expectations of 220,000. But there were revisions of 44,000 for May and June. The unemployment rate declined to 5.1%. That’s the lowest since April 2008.

The unemployment rate is lower today than it was at any time from May 1974 to March 1997. Except for one month, March 1989.

Posted by on September 4th, 2015 at 8:32 am


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