Unemployment Rate and Wage Growth

wage: Figures from the Department of Labor also showed wage growth slowed and the unemployment rate remained steady at 4.9%, defying expectations for it to edge down in August, according to The Guardian. Janet Yellen: the case for an interest rate hike in 2016 has 'strengthened'Read more The US Federal Reserve has hinted at a rate rise before the end of this year, with some economists saying ahead of the latest job figures that a move could come at central bank meeting later this month. There were 151,000 jobs added to the US economy in August, below economists' forecasts for 180,000 and a marked slowdown after two bumper months of growth. But the Fed chair, Janet Yellen, has also said she and fellow policymakers would watch the economic data closely. The data-dependent Fed will most likely see the payroll numbers as taking pressure off any immediate need to hike interest rates, significantly reducing the scope for further policy action in September, said Chris Williamson, chief economist at IHS Markit. As a result, analysts said the weaker jobs number would probably keep interest rates on hold for now. (news.financializer.com). As reported in the news.