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US Jobless Rate Falls to 7-year Low; Fed Move Still Unclear

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The U.S. unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for the Federal Reserve in deciding whether to raise interest rates from record lows later this month. The jobless rate fell to 5.1 percent — a level the Fed says is consistent with a normal economy — from 5.3 percent in July, the government said Friday. It's the lowest unemployment rate since April 2008.

Added on the 04/09/2015 13:18:37 - Copyright : Wochit

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