8 years ago
Slower Growth in Jobs Report May Give Fed Pause on Interest Rates
After two consecutive months of hearty jobs gains, hiring eased in August, with the government reporting on Friday that employers expanded their payrolls by 151,000 workers. The official unemployment rate, based on a separate survey of households, remained at 4.9 percent. Average hourly earnings grew slightly, bringing the 12-month increase in wages to 2.4 percent — a modest gain that still keeps most workers ahead of inflation.
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