The job market continues to grow slowly according to the monthly employment report from the Labor Department.
Total non-farm employment increased by a modest 169,000 in August which nudged the unemployment rate down just a tenth of a percentage point to 7.3 percent. Labor force participation also fell to its lowest level in 35 years at 63 percent as fewer people are actively looking for work.
The monthly job report is showing American workers brought home more money in August. Workers averaged a nickel more per hour last month than in July. The average hourly wage was $24.05.
Employees also worked six minutes longer each week, putting in a average of 34-and-a-half hours.