The nation’s jobless rate dipped to 7.3 percent in August from 7.4 percent in July as 169,000 jobs were added to public and private payrolls, the Bureau of Labor Statistics estimated Friday morning.
The figures were roughly in line with what economists had been expecting to hear.
But buried within the report was a troubling revision: Instead of the 162,000 jobs that BLS thought had been added to payrolls in July, it now estimates that employment grew by just 104,000 jobs that month.
We’ll post more highlights from the report, as well as reactions to it and analyses about how policymakers at the Federal Reserve may react, in the coming hour. Be sure to hit your “refresh” button to see our latest updates.