US Hiring Picked Up in August as Pay Surged Most in 9 Years

Labor News

Mari Matsuri / AFP / Getty Images 2017

Reprinted from The San Francisco Chronicle by Christopher Rugaber on September 7, 2018.

The pace of hiring in the United States quickened in August, and wages grew at their fastest pace in nine years — evidence that employers remain confident despite the Trump administration’s ongoing conflicts with its trading partners.

The economy added a strong 201,000 jobs, and the unemployment rate stayed at 3.9 percent, near an 18-year low, the government said Friday in its monthly jobs report.

Taken as a whole, the data pointed to a job market that remains resilient even after nearly a decade of economic growth — the second-longest such stretch in US history — and even with tariffs and counter-tariffs on imports and exports looming over US employers that rely on global trade. …

SF Chronicle 9/7

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