Economy adds 96K jobs, unemployment rate falls to 8.1 percent

By Vicki Needham – 09/07/12 08:31 AM ET

The economy added 96,000 jobs in August, falling well short of expectations and dealing a blow to President Obama as he heads out Friday on a three-state campaign swing.

The figure is a buzz kill for Democrats after a rousing week at their party convention and shows the labor market is still struggling as the economy goes through another summer slowdown.

The unemployment rate fell to 8.1 percent from 8.3 percent, according to the Bureau for Labor Statistics.  Continue reading “Economy adds 96K jobs, unemployment rate falls to 8.1 percent”