More jobs lost, unemployment rate goes down as people quit looking

Although the nation's unemployment rate dipped to 6.1 percent in August, businesses slashed 93,000 jobs, marking the seventh month in a row that the economy lost jobs.

Fed Chairman Alan Greenspan and his Federal Open Market Committee colleagues — the group that sets interest rate policy in the United States — kept the federal funds rate at 1 percent, a 45 year low.