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U.S. Adds Another 201,000 Jobs
The U.S. created another 201,000 jobs in August, as the country’s unemployment rate remained steady at 3.9%.
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The U.S. created another 201,000 jobs in August, as the country’s unemployment rate remained steady at 3.9%.
The increase marks the 95th consecutive month of year-on-year employment gains, according to the U.S. Dept. of Labor. Weekly wages climbed 3.2% compared with August 2018, marking the largest gain in nine years.
Economists attribute the wage growth to a short supply of skilled workers. They also reiterate that the strengthening economy makes it almost certain that the Federal Reserve to raise short-term interest rates by a quarter-point to a range of 2%-2.25% at the end of September and again in December.
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