The unemployment rate remained at 3.9 percent, near an 18-year low. On the positive side, however, the number of full-time jobs in August rose by 40,400.
- U.S. wage growth increased to+2.9% y/y, ending the recent streak of negative real wage growth.
Still, after adjusting for inflation, pay has been flat for the past year.
The unemployment rate held steady at 3.9 percent the Labor Department reported on Friday.
Perhaps most assuring for market participants was the fact that wage growth jumped back up to +2.7% y/y, the highest pace since May 2009.
The jobs data topped economists' estimates: Bloomberg had put the median projected gain at 191,000 jobs, while the Marketwatch median forecast stood at 200,000.
Average hourly wage growth, which is closely watched by the Bank of Canada, continued its gradual slide last month to 2.9 per cent after expanding 3.2 per cent in July and 3.6 per cent in June.
Annual wage growth hit a nine-year high in the U.S. last month as the economy created more jobs than expected. The government imposed import duties on goods including steel, aluminum, washing machines, lumber and solar panels early this year to protect American industries from what Trump says is unfair foreign competition.
USA employers sped up their hiring in August, reversing several months of slowing gains.
Yet so far, those concerns don't appear to have depressed overall hiring. Businesses are increasingly reluctant to even lay off workers, in part because it would be difficult to replace them at a time when qualified job applicants have become harder to find. Most industries expanded, with particular job growth in health care, education, business and professional services, hospitality and construction.
Hiring has been strong in almost every industry this year from manufacturing to health care.
Update: Here's another chart, this one showing monthly job losses/gains in just the private sector since the start of the Great Recession. Retailers cut 6,000 positions, a surprising drop given reports of strong sales by such leading retailers as Target, Walmart and Best Buy. Between April through June, GDP grew at 4.2 percent - the highest rate in four years. That said, this year's tally is still short of the totals from the first seven months of 2014 (1.9 million) and 2015 (1.75 million).
Consumer confidence rose in August to its highest level in almost 18 years. Both numbers reflect a very healthy job market.
Today's United States employment report added to manufacturing and services industries surveys in suggesting the Trump administration's protectionist trade policy was having a marginal impact on the economy for now.
"We do, however, expect it to reach a new high of 2.9 percent by the fourth quarter", said Lou Crandall, chief economist at Wrightson ICAP in Jersey City.
That helped GDP grow at a 4.2 per cent annualized pace, the best in nearly four years, which Mr Trump credited to his policies. The "500" figure alludes to the roughly $500 billion of Chinese goods imported to the U.S. in 2017.
Park officials said Tuesday's incident is under investigation and would not provide details about the circumstances of the fall. Another visitor from Israel told ABC30 that this was supposed to be a vacation for the young man before joining the army.
The director has re-teamed with his Spring Breakers cinematographer Benoît Debie for what looks to be another grime-chic classic. No idea when it'll premiere, but the film is set to open in late March of next year.
A report carried out by experts at Washington University, in Missouri, said the woman was able to reverse the effects. It's unclear exactly how uncommon this is, Hamad said, but it's the first case he's seen in 10 years of practicing.
I see, and with this escalating trade war, what about Korea? Meanwhile, Trump is now hinting at a new trade rumble with Japan. Also, the slow down in the Chinese economy and global market jitters could hurt Korean exports".
With fun-specialists Insomniac Games at the helm we had a good feeling about this one ever since it was announced at E3 2017. To help prepare you for the challenges ahead, we've compiled 11 tips you should know before starting Spider-Man.
Even retail, which many predicted would decline as stores like Toys R Us shuttered for good , is still adding jobs. The average hourly pay for employees on private non-farm payrolls rose by 10 cents, to $27.16.
Former Cowboys RB Joseph Randle arrested for rape
Since then, he was arrested at a casino, busted at his ex-girlfriend's home, and allegedly ripped a TV off the wall in jail. Former Cowboys running back and Joseph Randle has been arrested suspicion of rape.
Geoffrey Owens To Star In 10 Episodes Of Tyler Perry Show
House candidate in Texas's 35th District, also reached out last week to praise Owens's work ethic on Twitter last week. Owens played Elvin Tibideaux, Bill Cosby's character's son-in-law, for seven years before the show ended in 1992.
Plane quarantined at New York's JFK airport
Officials say passengers from the two flights on Thursday afternoon who weren't sick continued on with their travel plans. Kennedy International Airport in NY on Wednesday after passengers fell ill on an Emirates flight from Dubai to NY .
Cher announces ABBA-inspired "Here We Go Again Tour"
Fans can also purchase tickets at any of the Discount Drug Mart's 58 northern OH locations starting Monday, September 17. It may be a distant memory now, but Cher's "Farewell Tour" ended more than 13 years ago, in Spring 2005.
Northern California Wildfire Triples in Size Near Redding
He wrote that fires caused by "climate change driven extreme weather conditions" have triggered massive spending across the state. The fire broke out at mid-day on Wednesday near an exit from Interstate 5, about 30 miles (48 km) north of Redding.
Rapper Post Malone’s Rolls Royce crashes in West Hollywood
They report: 'Authorities found a white Rolls Royce Wraith which crashed through a fence as well as a Kia blocking the roadway. Post was pictured after the crash looking rather shaken, holding a cigarette while speaking to a police officer.
BMW unveils in-car voice assistant
BMW has launched a voice assistant that is expected to be available in cars equipped with the company's 7.0 Operating System. Owners can also name their car's assistant, with BMW offering Charlie or Joy as suggestions.