Good news! The unemployment rate is 6.1 percent

Raghu Manavalan Sep 5, 2014
HTML EMBED:
COPY

Good news! The unemployment rate is 6.1 percent

Raghu Manavalan Sep 5, 2014
HTML EMBED:
COPY

This morning, we reported that most everybody expected an employment report that added quite a few jobs:

The U.S. Labor Department’s monthly employment report for August is expected to show some improvement in the job market from July. The consensus among economists is for 230,000 jobs to have been added to private and public-sector payrolls.

Instead, only 142,000 jobs were added in August, making it the worst month since December 2013.

So, what does that mean for the unemployment rate?

The unemployment rate from January 2008 through August 2014.

Fewer jobs added and lower unemployment.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.