(function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start': new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0], j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src= 'https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f); })(window,document,'script','dataLayer','GTM-5WB8HLVL'); August Unemployment Drops as Economy Adds 173,000 Jobs | Hamilton Zanze

Menu

Contact

Log in

August Unemployment Drops as Economy Adds 173,000 Jobs

hamilton-zanze September 03, 2015

The U.S. economy added 173,000 jobs in August, and the unemployment rate dropped to 5.1%, according to the U.S. Bureau of Labor Statistics. Average hourly earnings for all employees rose by 8 cents to $25.09, compared to July’s 6-cent gain.

Economists had predicted a slightly higher level, as employment growth has averaged about 247,000 new positions per month. Economists are undecided on whether this will affect the Fed’s expected September rate increase.