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...
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