Payrolls in U.S. Rise 173,000 as Jobless Rate Falls to 5.1%
U.S. Employers Add 173,000 Workers in August
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Employers added 173,000 workers in August and the U.S. jobless rate dropped to 5.1 percent, the lowest since April 2008 and a level that the Federal Reserve considers to be full employment.
The gain in payrolls, while less than forecast, followed advances in July and June that were stronger than previously reported, the Labor Department said Friday. Average hourly earnings climbed more than forecast and workers put in a longer workweek, the report also showed.