But is this animated .gif actually Ben Bernanke in action or David Axelrod redeploying Obama's ad budget?
Nonfarm payrolls grew by a seasonally adjusted 96,000 in August, well below estimates and down from 141,000 jobs in July.
[Adding to the sense of weakness, the Labor Department’s payroll count for June and July was revised lower by a cumulative 41,000. Payrolls rose by a revised 45,000 in June and by 141,000 in July.]
The payrolls growth came in weaker than the 125,000 increase expected by economists surveyed by MarketWatch. See comprehensive MarketWatch economic calendar with consensus forecasts.
The nation’s unemployment rate fell to a seasonally adjusted 8.1%, down from 8.3% in July, according to a separate survey of households.
Economists had been expecting the jobless rate to hold steady at 8.3%.
The decline wasn’t particularly good news, however, because it reflected 368,000 people dropping out of the labor force. While unemployment dropped by 250,000 to 12.5 million for August, employment also fell, dipping 119,000 to 142.1 million. Read full government report.