WTAS About The “Strong” August Jobs Report

On the heels of yesterday’s announcement that “U.S. jobless claims declined to fresh post-1969 low last week,” the Labor Department’s August jobs report reveals that job and wage growth are shattering both records and expectations. As the Associated Press puts it, “the economy is expanding steadily, fueled by tax cuts.”

Check out what they are saying about the tax-reform-induced “generational low” unemployment rate, “better-than-expected 201,000 new jobs,” and “best annual private wage growth figure since May 2009”:

Associated Press: “The jobs number beat economists’ forecasts…The economy is expanding steadily, fueled by tax cuts, confident consumers, greater business investment in equipment and more government spending”

Business Insider: “Jobs report beats as wage growth soars at its fastest pace since the Great Recession”

CBS News: “Job growth surged in August as the economy hit the gas”

CNBC: “Wage growth posted its biggest increase of the economic recovery in August while payroll gains beat expectations and the unemployment rate held near a generational low of 3.9 percent…Wage growth was the highest since November 2008”

CNNMoney: “The US economy added 201,000 jobs in August in another strong month of hiring. The unemployment rate stayed at a historically low 3.9%.”

Cox Media Group: “The U6 rate – considered the broadest measure of unemployment – ticked down to 7.4 percent, the lowest since April 2001”

Reuters: “U.S. job growth surges; annual wage growth largest since 2009”

Yahoo Finance: “The real standout in the report, however, were the gains in average hourly earnings, which rose 0.4% over last month and 2.9% over last year…This is the best annual private wage growth figure since May 2009. Average hourly earnings were expected rise 0.2% over the prior month and 2.7% over the prior year.”