According to the latest report released by the Labor Department, more Americans have stopped looking for work and are no longer counted as unemployed. That's the main factor behind a drop in the unemployment rate, now at 7.3 percent.
The report states U.S. employers added just 169,000 jobs in August and far fewer jobs were added in July than previously reported. Job gains in July were revised downward to just 104,000, a significant adjustment from the previously reported 162,000.
The number of Americans working or looking for work has fallen to its lowest level in 35 years.