NewsPolicy
U.S. adds 162,000 jobs as unemployment holds at 4.1%
August hiring outpaced the average monthly gain over the previous year, with growth in restaurants, local government education, and manufacturing.
August hiring outpaced the average monthly gain over the previous year, with growth in restaurants, local government education, and manufacturing.
The national unemployment rate held steady at 4.3%, while job gains were concentrated in health care, transportation and warehousing, and retail.
A UC Santa Cruz working paper found California’s $20 fast-food wage was followed by fewer worker hours, higher menu prices, expanded automation and pressure on independent restaurants.