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Friday, September 7, 2018

US economy added a strong 201,000 jobs in August

Larry Summers: Tariffs will hurt working people
Larry Summers: Tariffs will hurt working people

The US economy added 201,000 jobs in August in another strong month of hiring.

The unemployment rate stayed at a historically low 3.9%.

Wages grew 2.9% compared with a year ago, a slightly faster pace but still lackluster in such a strong job market.

The job gains for August are roughly in line with the average for the year.

This is a developing story.

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