U.S. employers added 1.4 million jobs in August as the national unemployment rate fell to 8.4% from 10.2% in July.
U. S. employers added 1.4 million jobs in August as the national unemployment rate fell to 8.4% from 10.2% in July. “Today’s job report suggests steady progress in stabilizing the national economy,” said Christopher Geehern, executive vice president of Associated Industries of Massachusetts. “The decline in the unemployment rate from 10.2% to 8.4% was larger than most analysts expected,” he added. “The number provides some hope that the Massachusetts unemployment rate will show significant improvement from its highest-in the-nation 16.1%.” But while the Labor Department’s latest report shows progress, the number of new jobs has slowed since June and was due partly to the hiring of 238,000 temporary Census workers. “Obviously, increasing the number of jobs by 1.
