U.S. Payrolls Rise 96,000, Jobless Rate Falls

Sept. 7 (Bloomberg) -- Payrolls rose less than projected in August and the unemployment rate declined as more Americans left the labor force, indicating the U.S. labor market is stagnating. The economy added 96,000 workers last month following a revised 141,000 rise in July that was smaller than initially estimated, Labor Department figures showed today in Washington. Unemployment fell to 8.1 percent, and hourly earnings were unchanged. Peter Cook reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)

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