Friday, September 3, 2004
US job market improves slightly as employers added 144,000 workers in August to payrolls, the Labor Department said on Friday.
The department said the August unemployment rate fell to 5.4 percent, the lowest since a matching 5.4 percent in October 2001, from 5.5 percent in July.
The fall in the unemployment rate was not flat out good news. Economists noted a 152,000 fall in the civilian labor force that potentially accounted for at least part of the jobless rate decline. The labor force often falls when job-seekers abandon the hunt for work.
By: DocMemory
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