August Unemployment Statistics Narrowly Beat Expectations; Hiring Slow
Friday, September 04, 2015
According to the Bureau of Labor and Statistics, unemployment fell to 5.1 percent last month from 5.3 percent last month, the lowest since early 2008. Hiring was slightly lower than expected, but hourly earnings made impressive gains, beating economists’ predictions and improving on trends from July.
Interest Rates May Raise
This month’s data was highly anticipated by economists, as it is the last major piece of economic data the federal government will release before the Federal Reserve meets later this month.
Some have speculated that the central bank will raise interest rates away from near zero for the first time since 2008 at its meeting on September 16 and 17. Others believe the Fed will wait until its final meeting in December, especially in light of recent turmoil in the stock market.
Related Slideshow: Slideshow: Oregon Receives Average Ranking for Business Climate
The state of Oregon is neither the best nor worst state to run a company, according to data pulled from nationwide business publications and testimonies from Oregon business owners.
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