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US economy adds 173,000 jobs in Aug

Business Desk |
Update: 2015-09-05 00:36:00
US economy adds 173,000 jobs in Aug

DHAKA: The US added 173,000 jobs in August, the Department of Labor said on Friday, in the last unemployment report before September's interest rate decision by the Federal Reserve.

That was below the 217,000 predicted by analysts, although the Labor Department said that figures for August tend to be revised higher subsequently.

The unemployment rate fell to 5.1% - down from the July figure of 5.3%, reports BBC.

The rate is the lowest since April 2008.

Wall Street headed lower following the numbers.

European stock markets, which had been trading lower before the data was released, extended their losses, with the FTSE 100 in London closing down by 2.44% and indexes in Paris and Frankfurt dropping by 2.81% and 2.71% respectively.

BDST: 1032 HRS, SEP 05, 2015
RS

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