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Economy Adds 96K Jobs, Rate Falls To 8.1%

U.S. employers added 96,000 jobs last month, a weak figure that could slow any momentum President Barack Obama hoped to gain from his speech to the Democratic National Convention.

Signs and confetti sit on the floor after the Democrat National Convention
Signs and confetti sit on the floor after the Democrat National Convention (Tom Pennington/Getty Images)

The unemployment rate fell to 8.1 percent from 8.3 percent in July, but only because more people gave up looking for work. The government only counts people as unemployed if they are actively
searching.

The Labor Department also says 41,000 fewer jobs were created in July and June than first estimated. The economy has added just 139,000 jobs a month since the beginning of the year, below 2011′s average of 153,000.

The bleak report comes just two months before Election Day, and the economy is the top issue on most voters’ minds.

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