WASHINGTON (MarketWatch) – The economy regained 1.4 million jobs in August and the unemployment rate fell to 8.4% from 10.2%, the government said Friday. Economists polled by MarketWatch had predicted an increase of 1.2 million jobs. Private-sector payrolls rose by a smaller 1 million. Hours worked rose 0.1 hour to 34.6 hours. The increase in hiring in July was revised down slightly to 1.73 million. Job gains in June were little changed at 4.79 million.
Hat tip MarketWatch.com