US Economy Reaches Full Employment

The Bureau of Labor Statistics released its monthly jobs report on Friday. Even though the United States economy is at a level considered full employment, it was an overall mixed result.

153,000 jobs were added in the month of August. While this is a strong number, it is below the monthly average of 212,000 jobs for the year. It was also less than expected with many analysts predicting at least 200,000 jobs.

Wage growth registered at 2.2% growth. However, the Federal Reserve desires 3.5% monthly growth. The Federal Reserve has been analyzing wage and job growth as it looks to lift interest rates.

August reports are historically revised up after the fact. Revisions will be announced with the September and October announcements.

About Tyler

Tyler is the chief media reporter for TKNN, with the news organization since its founding in November of 2010. He has previously served as chief political reporter and chief political anchor for TKNN.

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