The Bureau of Labor Statistics’s August jobs report showed an unexpected positive signal, with employers reporting job gains of 162,000 and an increase in labor force participation after eight months of decline. However, average hourly earnings rose only 3.1% over the previous year, reaching $37.75, highlighting a concern for workers regarding wages.
Getty ImagesThe Bureau of Labor Statistics’s (BLS) August jobs report delivered an unexpectedly positive signal for the job market, as employers reported far higher than expected job gains of 162,000, and labor force participation rose after falling for eight months straight. While August’s jobs data was largely positive, there was one area that wasn’t so bright for wor
kers: wages.In-waged. Average hourly earnings in August rose just 3.1% over the prior 12 months to $37.75, the
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