Sep
04
Slower Growth in Jobs Report May Give Fed Pause on Interest Rates
ByGood. But not too good.
That is the verdict from economists after the Labor Department reported on Friday that in August employers added 151,000 jobs, the unemployment rate was unchanged at 4.9 percent, and wage gains were modest. It was a solid performance that keeps the economy on track, but not strong enough to push the Federal Reserve to raise its benchmark interest rate when policy makers meet this month.
“It confirms that the economy is performing well, but does not provide the threat of overheating that might have caused an interest-rate increase sooner rather than later,” said Carl R. Tannenbaum, chief economist at Northern Trust…
Slower Growth in Jobs Report May Give Fed Pause on Interest Rates
