Faster wage growth in strong jobs report likely means more Fed interest rate hikes
by Jim Puzzanghera, Los Angeles Times
Sep 07, 2018
2 minutes
WASHINGTON - Wage growth accelerated last month to its best year-over-year rate since 2009 in a strong jobs report released Friday, increasing the likelihood that Federal Reserve officials will keep hiking a key interest rate to head off higher inflation.
The Labor Department reported that the U.S. added 201,000 net new jobs in August, up from a downwardly revised 147,000 the previous month.
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