Strong Economy Drove Wages Higher in August as Hiring Heats Up
WASHINGTON—A strong economic system drove U.S. wages greater in August, new proof that employees are gaining bargaining energy with their employers because the nation’s pool of accessible labor tightens.
The Labor Division reported Friday that employee payrolls expanded by 201,000 in August and private-sector hourly wages grew 2.9% from a yr earlier. The payroll acquire marked the document 95th consecutive month of job progress—a lot of it close to or barely beneath that 200,000 month-to-month mark—and the year-over-year wage improve was the most important since…
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