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U.S. wage growth, lower unemployment underpin solid jobs market

Por: Portland Press Herald Business August 05, 2023

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U.S. employment increased at a solid pace in July while wages rose at a faster-than-expected clip, consistent with sustained labor demand that’s at the root of renewed momentum in the economy. Nonfarm payrolls increased 187,000 last month following a similar advance in June, a Bureau of Labor Statistics report showed Friday. The unemployment rate unexpectedly dropped to 3.5%, one of the lowest readings in decades. A hiring sign is shown in... + full article



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