Employment figures released by the Bureau of Labor Statistics today showed that the U.S. economy added only 96,000 jobs in August - a lower-than-expected growth that underscored the fragile state of the economic recovery.
The BLS figures also showed that last month’s unemployment rate dropped to 8.1% - down from 8.3% in July. But the dip largely resulted from a high number of job seekers who have left the labor force - in other words, stopped looking for employment. In fact, the U.S. labor participation rate dropped to 63.5% last month - the lowest rate since 1982.
Read more at WhatTheFolly.com.