US Unemployment rate Drops

Story: "The latest snapshot, released by the Labor Department Friday, was a bit brighter than expected and should ease any fears that the expansion that began in late 2001 is in danger of fizzling out.

The tally of new jobs last month was slightly stronger than the 125,000 that economists were forecasting. The nation's unemployment rate dropped down a notch from a five-month high of 4.8 percent in July. Job gains for June and July also turned out to be better than previously estimated. In June, employers boosted payrolls by 134,000 positions and in July they added another 121,000.

4.7%? Thats Astounding. 95.3% of all Americans in the work force are employed.