Report: U.S. Employers Added 201K Jobs in Aug.

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September 8, 2018 by   Leave a Comment

Hiring rebounded in August as employers added 201,000 jobs and the labor market continued to defy worker shortages and U.S. trade battles. Yearly wage growth hit a nine-year high.

USA Today reported that the unemployment rate was unchanged at 3.9%, the Labor Department said today (Sept. 7).

Economists surveyed by Bloomberg expected 195,000 payroll gains.

On the downside, employment increases for June and July were revised down by a total 50,000. June’s gain was lowered from 248,000 to 208,000 and July’s from 157,000 to 147,000. Still, monthly gains for the year are averaging a robust 207,000.

“The U.S. economy is barreling full steam ahead,”  economist Leslie Preston of TD economics wrote in a note to clients.

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