09/07/2012; Tula Connell
The unemployment rate declined from 8.3 percent in July to 8.1 percent in August, with 96,000 jobs added last month, according to data out this morning from the U.S. Bureau of Labor Statistics.
The improvement in the unemployment rate was due to workers dropping out of the labor force, not to an increase in employed workers, according to the Economic Policy Institute (EPI).
Jobless rates for adult men stood at 7.6 percent; adult women, 7.3 percent; teenagers, 24.6 percent; white workers, 7.2 percent; African American workers, 14.1 percent; and Hispanics, 10.2 percent—all of these showed little or no change in August. Continue reading “Jobless Rate Declines from 8.3% to 8.1%, 96,000 Jobs Added in August”