05/22/2018

U.S. Hiring Slowed in August, Unemployment Rate Ticked Up

An extended a run of modest labor market gains this year has produced little acceleration in wage growth or inflation, underscoring a puzzle that complicates Federal Reserve policy decisions looming in the months ahead.

Nonfarm payrolls rose a seasonally adjusted 156,000 in August, ​a modest slowdown from the prior two months, ​the Labor Department said Friday. When combined with June and July’s job growth, estimates of which were…

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