Profile image
By White House Dossier
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Hiring Slowed in August

Friday, September 4, 2015 8:59
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Hiring slowed last month as employers added 173,000 jobs, according to the Department of Commerce, perhaps just a bit ahead of the number needed to keep pace with population growth.

The slackening growth now makes it unclear whether the Federal Reserve will raise interest rates as it had been expected to do in September.

Nevertheless, the unemployment rate declined to the lowest rate since 2008, dropping two tenths of a point to 5.1 percent.

Economists had expected an increase of about 220,000 jobs, which had been about the average for the year.

The labor force  participation rate remained at historic lows, with only 62.6 percent of Americans working or looking for work.

“The labor force participation rate remained stable,” said White House Council of Economic Advisors Chairman Jason Furman, as if that were a good thing.


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.