Jobless Rate in U.S. Drops to Seven-Year Low, Reaching Fed Goal
- JPMorgan's Feroli says job market slack diminishing `rapidly'
- Payrolls rise less than forecast after bigger June-July gains
The Bullish Case for Stocks Amid the Volatility
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As far as the Federal Reserve is concerned, the American workforce is now fully employed.
The jobless rate dropped to 5.1 percent in August, the lowest since April 2008, from 5.3 percent the prior month, the Labor Department said Friday in Washington. Payrolls grew by 173,000, less than projected and the smallest gain since March.