August 1, 2014

Hiring rises, but flat wage growth dampens cheer

Employers added 209,000 nonfarm payroll jobs in July. The streak of six consecutive monthly gains above 200,000 hasn’t happened since 1997. But average hourly wages of U.S. workers on private payrolls inched up just 1 cent in July compared with June. Since last August, hourly earnings have increased only 2 percent.

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