U.S. Added 169,000 Jobs in August, Slightly Below Expectations
| The nation’s employers added 169,000 jobs in August, slightly below what economists were expecting, and the unemployment rate ticked down to 7.3 percent from 7.4 percent. |
| The growth was about in line with the average hiring rate seen so far this year, which has been mediocre but steady. If the economy were to fill the jobs gap left by the recession within the next four years, around 300,000 jobs a month would need to be created, according to the Hamilton Project at the Brookings Institution. |
| Employment gains in the recovery have been disproportionately in lower-wage sectors like food service and retail, causing concern about not only the quantity of the new jobs but also their quality. The industries are more likely to hire part-time workers and operate on just-in-time schedules, making it difficult for employees to predict how many hours they will have from week to week. |
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http://www.nytimes.com/2013/09/07/business/economy/us-economy-adds-169000-jobs-as-unemployment-rate-falls.html?emc=edit_na_20130906 |
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