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02 Sep 2016 11:09 #319566
by chairman
The U.S. economy continued to build momentum in August, with employers adding 151,000 workers to their payrolls, the Labor Department reported early Friday. The unemployment rate held steady at 4.9 percent for the third consecutive month, and average hourly wages rose 0.1 percent. August is seen by economists as a difficult month to measure, as summer vacations and the new school year throw off companies’ usual hiring decisions. Federal Reserve officials and the financial markets are closely watching the jobs numbers for clues regarding an expected increase in interest rates.
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rz3300
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04 Sep 2016 21:12 #319730
by rz3300
Well this is certainly some good news. I have never been one to really buy into the numbers and reports like this, but I always like hearing the positive versus the alternative. I consider myself pretty lucky because I live in an area that was not as badly affected by the last couple years' events as some people were in other areas. I am sure that it is some needed relief to a lot of people, and that includes the investors I suppose. Good stuff, and thanks for sharing.
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U.S. Added 151K Jobs in August
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