The unemployment rate instead was unchanged at 4.9 percent, according to the Bureau of Labor Statistics. A more encompassing rate that included discouraged workers and those holding part-time jobs for economic reasons held steady at 9.7 percent. Among demographic group, the unemployment rate for those without a high school diploma jumped from 6.3 percent in July to 7.2 percent.
August has been a notoriously volatile month for the jobs numbers. The previous five reports have been revised upwards by an average of 71,000. In 2011, the initial report was zero, which later was revised up to 107,000. Goldman Sachs economists attribute the statistical noise to the start of the sc...
21:12 Number of U.S. bank branches to shrink 20 percent in five years: real estate report22
23:47 Trump really needs an economic boom. So far, he’s not getting one14
20:20 Microsoft's quarterly profit rises 27.8 percent22
01:48 Trump to propose large increase in deductions Americans can claim on their taxes18