Jobless rate hits 16-year low

Unemployment rate for July drops to 4.3% as employers add 209,000 jobs.

A drop in the unemployment rate to a 16-year low raises a tantalizing question about the job market: How much better can it get?

Earlier this year, economists worried that the low unemployment rate meant businesses would struggle to find workers and that would drag down the pace of hiring. Those fears were heightened by a tiny job gain in March and modest hiring in May.

Source: Jobless rate hits 16-year low | Business | Eugene, Oregon