The U.S. economy added 96,000 jobs in August, far below
the consensus of 130,000 and miles off the "whisper" number of 200,000.
In addition, July's tally was revised down to 141,000 from 163,000.
The unemployment rate unexpectedly fell to 8.1% from 8.3% and the
"real" unemployment rate (U6) fell to 14.7% from 15%, figures the White
House will likely highlight as signs the president's policies are
working.But the unemployment rate came down for the "wrong" reason -- a sharp drop in the size of the labor force. The labor participation rate fell to 65.3%, its lowest level since September 1981.
Let's take a look at today's report from three different angles: political, economic and market.
The Daily Ticker's Aaron Task interviews Sterne Agee market strategist Sharon Stark and UBS economist Maury Harris
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