U.S. Job Rate Falls in August, Ending Gains

Source: Frank Langfitt, NPR Morning Edition, September 7, 2007

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.

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4-Year Growth in Jobs Ends; Stocks Plunge

Source: Jeremy W. Peters, New York Times, September 7, 2007

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