Happening In Trumps America: 201,000 Jobs Created In August, 3.9 unemployment Rate
Doing What He Promised To Do
× Nonfarm payrolls grew by 201,000 in August. Economists surveyed by Reuters expected a 191,000 increase.
×Average hourly earnings jumped by 2.9 percent, above the 2.7 percent increase expected.
×The unemployment rate held near a generational low of 3.9 percent.
Long-awaited wage growth posted its biggest increase of the economic recovery in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent, according to a Bureau of Labor Statistics report Friday.
Average hourly earnings rose 2.9 percent for the month on an annualized basis, while nonfarm payrolls grew by 201,000. Economists surveyed by Reuters had been expecting earnings to rise 2.7 percent, payrolls to increase by 191,000 and the jobless level to decline one-tenth of a point to 3.8 percent.
The wage growth was the highest since April 2009.
Read more: https://www.cnbc.com/amp/2018/09/07/us-nonfarm-payrolls-aug-2018.html