Complete Story
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.
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