US unemployment hits recent new low

07 September 2015

 

US employers added 173,000 jobs in August, below market estimates of 217,000, according to the US Labor Department. Unemployment dropped to 5.1%, the lowest rate since March 2008 and below the 5.2% rate expected. There were also 44,000 of upward revisions to the previous two months’ figures. Employment in mining and manufacturing declined, while education and health services added over one third of the new jobs. Richmond Fed president Jeffrey...

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