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U.S. unemployment rate rises in line with expectations in August

Published 09/05/2010, 04:02 AM
Investing.com – The unemployment rate in the U.S. rose in line with expectations in August, official data showed on Friday.

In a report, the U.S. Bureau of Labor Statistics said the rate of unemployment rose in line with analysts' expectations to 9.6% in August, compared to 9.5% in July.

According to the data, the total number of unemployed people in the U.S. was 14.9 million in August.

The report also showed that employment in the non-farm sector declined less-than-expected in August.

U.S. President Barack Obama called the unemployment figures "positive news", but added, “It’s not nearly good enough.”

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