Jobless rate falls to 5.1%, a 7-year low

September 5, 2015 9:19 AM

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Payrolls add 173,000, hiring seen solid; Fed step awaited

WASHINGTON -- The U.S. unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for the Federal Reserve in deciding later this month whether to raise interest rates from record lows.

Also read: German business confidence dips but outlook still optimistic

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