09/01/2017

Job Growth Slumped in August

The economy added a lower-than-projected 156,000 positions while unemployment rate ticking up slightly

Job growth lagged in August, with the economy adding a lower-than-projected 156,000 positions and the unemployment rate ticking up slightly to 4.4 percent.

Average hourly wages rose 3 cents last month to $26.39, up 2.5 percent from a year ago — a raise economists call tepid and government officials say  “has room for improvement.”

The growth missed expectations, as analysts thought federal economists would report approximately 200,000 new jobs in August.

Please click here to read the complete article from The Washington Post.