August Jobs Report: 169,000 Jobs Created, Unemployment Dips To 7.3 Percent

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This morning the Bureau of Labor Statistics came out with the August jobs report numbers. The report shows that the economy added 169,000 jobs last month, keeping pace with the yearly average—the economy has added around 200,000 jobs a month now for the past several months.

In addition to adding jobs, the unemployment rate dipped, though only to 7.3 percent—a change of 0.1 percent from July's unemployment rate of 7.4 percent. Last month the economy added 162,000 jobs.

The Fed has considered tapering off its bond-buying program in anticipation of job growth. WNYC's Business and Economic Editor, Charlie Herman, joins The Takeaway to explain what these numbers mean and how the Fed might react.