The Bureau of Labor Statistics released its "Employment Situation Summary" for the month of August. The unemployment rate declined to 8.1 percent, while nonfarm payroll employment increased by 96,000. Mark Thoma provides a good interpretation of today's news: "Will August job report propel the Fed into action?"
Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and techincal services, and in health care.