Unemployment Spikes, Wage Growth Cools in August Jobs Report

September 1, 2023   |   Tags: LIBERTY LOFT

The U.S. economy added more jobs than expected in August, but an unexpected rise in the unemployment rate to 3.8 percent and moderation in wage growth pointed to an easing in labor market conditions, which could bolster expectations that the Federal Reserve will not raise interest rates this month. The post Unemployment Spikes, Wage Growth Cools in August Jobs Report appeared first on Washington Free Beacon.

Read More...