There were 4,000 fewer jobs in August, marking the first monthly decline in four years, the Labor Department said, confounding analysts who had forecast a moderate gain for the period.
Many financial analysts had said they believed August would show about 110,000 new jobs. Instead, the number dipped for the first time since August 2003.
4-Year Growth in Jobs Ends; Stocks Plunge
Source: Jeremy W. Peters, New York Times, September 7, 2007