US employers add 169K jobs, rate falls to 7.3 pct.
WASHINGTON (AP) - U.S. employers added 169,000 jobs in August and many fewer in July than previously thought. Hiring has slowed from the start of the year and could complicate the Federal Reserve’s decision later this month on whether to reduce its bond purchases. The Labor Department said today that the unemployment rate dropped to 7.3 percent, the lowest in nearly five years. But it fell because more Americans stopped looking for work and were no longer counted as unemployed. The proportion of Americans working or looking for work fell to its lowest level in 35 years.