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U.S. Adds 201,000 Jobs Wages Accelerate To A Nine Year High Winston Rowe And Associates
The broad range of increased jobs and wages numbers are proof that the U.S. economy is on solid footings with no signs of slowing down.
By: Winston Rowe & Associates
Unemployment rate, meanwhile, was unchanged at 3.9%, the Labor Department said Friday.
The increase in hiring in August was another solid gain that reflects broad strength in an economy that accelerated in the spring and showed little sign of slowing down toward the end of summer.
The biggest news in the August employment report was a sharp increase in pay.
The average wage paid to American workers rose by 10 cents to $27.16 an hour. What's more, the yearly rate of pay increases climbed to 2.9% from 2.7%, marking the highest level since June 2009.
White-collar professional firms filled 53,000 positions, bringing the total created over the past 12 months to more than half a million. These are the fastest growing jobs in the country.
Health-care providers hired 33,000 people, transport firms added 20,000 jobs and construction companies hired 23,000 workers.
The economy surged in the spring and is still growing rapidly as the fall approaches. Most companies are hiring and layoffs have tumbled to a nearly 50-year low.
This article was published by Winston Rowe and Associates check them out on line at http://www.winstonrowe.com