Loading ...WASHINGTON (Reuters) – U.S. job growth slowed more than expected in August after two straight months of strong gains, but the pace of increase should be more than sufficient for the Federal Reserve to announce a plan to start trimming its massive bond portfolio.
Anemic wage gain could, however, make the U.S. central bank cautious about raising interest rates gain this year. The Labor Department said on Friday that nonfarm payrolls increased by 156,000 last month after rising 189,000 in July.
https://finance.yahoo.com/news/u-job-growth-likely-slowed-august-wages-seen-044537072–finance.html
Comment:
I guess back in 1980 1982 with a prime rate of 21%, and a home loan at 18%, the average hourly wages were extremely higher than today. $7 – $10/hr average I think it was back then. I heard them mention $23/hr today.