United States job growth surges, wage growth largest since 2009

United States job growth surges, wage growth largest since 2009

Average hourly earnings grew 2.9% compared with a year ago, the best rate since 2009, according to monthly payroll data released by the Labor Department Friday.

Unemployment rate remained at 3.9%.

Economists surveyed by Bloomberg expected 195,000 payroll gains.

Labor Department officials said employment opportunities increased in many sectors, including healthcare, mining and transportation.

Job growth averaged 185,000 per month in the past three months.

Hiring in the United States picked up in August as employers added a strong 201,000 jobs, a sign of confidence that consumers and businesses will keep spending despite the Trump administration's ongoing conflicts with its trading partners.

US employers sped up their hiring in August, reversing several months of slowing gains.

There is also a broader unemployment statistic kept by the Bureau of Labor Statistics known as the U6.

- Headline jobs growth comes in at +201K, and the unemployment rate held at 3.9%. They increased payrolls by 18,000 jobs in July.

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A 3-Week Feed File photo: A Bonnethead shark swims at the Aquarium of the Pacific in Long Beach, California, on April 26, 2012. The bonnethead sharks in the study were based in the Florida Keys, which is abundant with seagrass , Leigh said .

Government payrolls decreased by 3,000.

The Trump administration has imposed tariffs on imported steel and aluminum as well as on $50 billion of goods from China.

Average hourly wage growth, which is closely watched by the Bank of Canada, continued its gradual slide last month to 2.9 per cent after expanding 3.2 per cent in July and 3.6 per cent in June. The annual gain followed a 2.7 percent advance in July. Even retail, which many predicted would decline as stores like Toys R Us shuttered for good, is still adding jobs.

"We're finally seeing wage gains for some low-paid workers".

"Wages have been lagging for months given the late stage of the expansion, and they're still nullified by the increase in inflation", said Robert Frick, corporate economist with Navy Federal Credit Union, in a statement.

USA businesses added 204,000 jobs while federal, state and local governments lost 3,000. Gains were led by education and health services at 53,000 jobs, professional and business services with 53,000 and wholesale trade at 22,400.

Stevenson said economists will be watching whether employers are more willing to hire those groups of people given the limited number of available workers.

A wider measure of unemployment - that includes discouraged workers who have given up their job searches and part-time employees who prefer full-time positions - dropped from 7.5% to 7.4%, lowest since April 2001. Of those, 1.3 million have been out of work for 27 weeks or longer.