Job Creation Disappointing

0

The private sector last month added only 173,000 jobs in August, which was way below the 220,000 expected, the Bureau of Labor Statistics said this morning, CNBC reports. Unemployment ticked down, but the labor participation rate – the share of employable adults who actually have a job – is at a 40-some year low. Also, stocks dropped after the report was issued, the Wall Street Journal reports.

No posts to display