Wednesday, August 31, 2016

US companies add a solid 177,000 jobs in August

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.

The 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

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