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US adds 173,000 jobs in August

Posted on September 4, 2015

Boston Globe - Business
Christopher S. Rugaber Associated Press
September 04, 2015

US adds 173,000 jobs in August

The US unemployment rate fell to a seven-year low in August as employers added a modest 173,000 jobs, a key piece of evidence for the Federal Reserve in deciding whether to raise interest rates from record lows later this month.

The Labor Department said Friday that the unemployment rate fell to 5.1 percent from 5.3 percent, the lowest since April 2008.