McClatchy Newspapers
Employers added a disappointing 142,000 jobs in August and the unemployment rate ticked down a notch, the government said Friday in a jobs report that undershot expectations.
The number of jobs added was well below the average monthly rate of 212,000 over the past 12 months. It comes despite a sizzling second-quarter economic growth rate of 4.2 percent.
The unemployment rate fell a tenth of a percentage point to 6.1 percent in August.
The number of long-term unemployed also fell by almost 200,000, the report from the Labor Department said.
The weak numbers come just as the White House has ramped up campaign talk about the improving economy.
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