Unemployment down 0.2% to 8.1%, 96,000 jobs created

Credit: Calculated Risk

Fresh electrons from the Bureau of Labor Statistics: the unemployment rate fell from 8.3% to 8.1% between July and August. The broader U6 measurement of unemployment fell 0.3% to 14.7%. Non-farm payrolls increased by 96,000 jobs.

The big story today will be how the unemployment rate fell; it has a lot to do with the falling labor force participation rate. Sigh.

Thanks, as always to Calculated Risk, for the graph.