Lowest unemployment rate since 2008: Should the Fed hike rates or not?

September 5, 2015 1:12 PM

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Despite disappointing job growth last month, the unemployment rate fell to its lowest level since early 2008, sharpening the debate within the Federal Reserve over whether to raise interest rates when policymakers meet in two weeks.

Friday's report from the Labor Department — which estimated that employers added a less-than-expected 173,000 jobs in August even as the official jobless rate dipped to 5.1 percent — provided evidence for both camps to make their cases.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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