U.S. Adds 169,000 Jobs in August

The U.S. economy added 169,000 jobs in August, sending the unemployment rate down just slightly to 7.3 percent, according to numbers released Friday by the Bureau of Labor Statistics. The number was lower than expected, but the worst part of the report is the sharp downward revisions for the previous two months: the new jobs number for July was revised down from 162,000 to 104,000. Long-term unemployment numbers also rose slightly, putting the total number of Americans out of work for more than six months at 4.3 million.