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September 1, 2006
WASHINGTON - US employers added 128,000 jobs last month while the unemployment rate fell a notch to 4.7 pct, the Labor Department said.
In July, the number of jobs added was revised to 121,000 from 113,000.
Both the number of jobs added in August and the unemployment rate were in line with expectations.
Average hourly wages rose 0.1 pct in August, slower than the 0.3 pct economists had expected.
Still, average hourly earnings have risen 3.9 pct in the past year. That's the same annual rate as July's revised figure. The last time average hourly earnings have risen faster over 12 months was in the year prior to June 2001, when they rose 4 pct.
The average workweek fell slightly in August to 33.8 hours from 33.9 in the prior month.
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