Jobs report: 169,000 jobs added, unemployment rate dips to 7.3% - WRCBtv.com | Chattanooga News, Weather & Sports

Jobs report: 169,000 jobs added, unemployment rate dips to 7.3%

Posted: Updated:

WASHINGTON (AP) -- U.S. employers added 169,000 jobs in August and much fewer in July than previously thought. The slowdown in hiring could complicate the Federal Reserve's decision later this month on whether to slow its bond purchases.

The Labor Department says the unemployment rate dropped to 7.3 percent, the lowest in nearly five years. But it fell because more Americans stopped looking for work and were no longer counted as unemployed. The proportion of Americans working or looking for work fell to its lowest level in 35 years.

July's job gains were just 104,000, the fewest in more than a year and down from the previous estimate of 162,000.

Employers have added an average of 148,000 jobs in the past three months, well below the 12-month average of 184,000.

© 2013 THE ASSOCIATED PRESS. ALL RIGHTS RESERVED. THIS MATERIAL MAY NOT BE PUBLISHED, BROADCAST, REWRITTEN OR REDISTRIBUTED.

Powered by WorldNow
Can't find what you're looking for?

WRCB-TV
900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.