U.S. businesses added a solid 177,000 jobs in August, according to a private survey, suggesting that hiring remains healthy after two months of strong gains.
steady hiring could help fuel stronger growth in the second half of
this year. Growth slumped in the winter and spring, falling to an annual
rate of just 1 percent.
Yet consumers are more confident and are
spending at a healthy clip, likely encouraged by robust hiring and signs
that wages are picking up. Consumer confidence reached an 11-month high
in August, lifted by a brighter outlook on the job market.. . . more