U.S. adds 173,000 jobs in August as unemployment falls to seven-year low | Marketwatch
WASHINGTON (MarketWatch) The pace of hiring in the United States slowed in August, but the dropoff probably wasnt weak enough to force the Federal Reserve to reconsider plans to raise interest rates this year as the unemployment rate fell to the lowest level in seven years.
The U.S. added 173,000 jobs last month, marking the smallest increase since March and the second smallest gain of the year,the government reported Friday. Economists surveyed by MarketWatch had expected a seasonally adjusted 213,000 increase in nonfarm jobs.
Offsetting slower job creation last month, the pace of hiring in July and June was stronger than initially reported, according to a survey of business establishments. The Labor Department said 245,000 new jobs were created in July instead of 215,000. Junes gain was revised up to 245,000 from 231,000.
Wages also picked up, perhaps a sign that falling unemployment and scattered labor shortages are pressuring more companies to increase pay."
What is not to like.....and time to celebrate....a word completely being buried in the perpetual cloud of ridiculous doom and gloom the media spews every hour....wasn't America founded and built on exactly the opposite sentiment?
65 week of straight job growth...how pathetic!
What we need is Republicans in charge to reverse his disastrous policies!
So says the media, so must we all obey....surely there is some bad news in the economic data they can scream out as a headline?
Which is slightly more impressive than 65 weeks.