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Economic boom on the US labor market slowed slightly in August News

Friday, September 1st, 2017 | Economy

The government in Washington on Friday announced this. Reconcerned by Reuters economists had expected with 180,000. In July, according to revised data, the increase was 189,000. In August, the separately recorded unemployment rate rose by one tick to 4.4 percent.
In spite of the weakening, job creation is far stronger than would be necessary to keep up with population growth. According to a rule of thumb, 75,000 to 100,000 new posts per month would be sufficient. The US Federal Reserve (Fed) is to promote full employment and has now achieved this goal in practice. It has raised the benchmark interest rate last month in the range of 1.0 to 1.25 percent and is planning to close by the end of the year, should the economy continue. However, leading currency managers are concerned about the fact that the undesirably low inflation hinders an increase. The Fed is waiting for solid evidence that citizens are benefiting from the upturn. It therefore relies on attractive wages, which could provide more price pressure. In August, however, hourly wages only rose by 0.1 percent, which is not as strong as in July, when the plus was 0.3 percent.
(Reuters)

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