Payrolls in U.S. Rise Less Than Forecast; Jobless 7.3% (VIDEO)

http://www.bloomberg.com/news/2013-09-06/payrolls-in-u-s-rose-less-than-forecast-jobless-rate-at-7-3-.html



Payrolls in the U.S. climbed less than projected in August and gains for the prior two months were revised down, pointing to an expansion that’s struggling to gain momentum.

The addition of 169,000 workers last month trailed the 180,000 median forecast in a Bloomberg survey of 96 economists. Unemployment fell to 7.3 percent, the lowest since December 2008, as workers left the labor force.

Bigger increases in employment are needed to propel the consumer spending that accounts for 70 percent of the world’s largest economy. Treasuries rose as investors bet Federal Reserve policy makers, at their next meeting Sept. 17-18, will temper plans to reduce an $85 billion monthly pace of bond purchases that have bolstered global markets.