U.S. Jobless Rate Falls to 4.9%, Lowest Since Aug. 2001

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00010361-us-jobless-rate-falls-to-49-lowest-since-/

By Rex Nutting, MarketWatch

U.S. job growth rose at steady clip in August, pushing the unemployment rate to a four-year low of 4.9%, the Labor Department said Friday.

Nonfarm payrolls increased by a seasonally adjusted 169,000 in August, below the 197,000 expected by economists. However, upward revisions totaling 44,000 in prior months put total employment slightly higher than expected.

For this complete story, please visit U.S. Jobless Rate Falls to 4.9%, Lowest Since Aug. 2001.

U.S. Jobless Rate Falls to 4.9%, Lowest Since Aug. 2001

Unknown Author

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