Modest August hiring keeps expansion on track
U S employers added 130,000 jobs in August with the unemployment rate at 3.7 percent, while hourly pay rose 11 cents to 28.11 dollars. With a tight labor market and tariffs weighing on costs, Federal Reserve officials signal rate cuts to support growth.
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Labor market steady amid trade tensions and wage gains
August payrolls show solid wage growth with a resilient consumer, while job gains vary by sector. Manufacturing hiring faded to 3,000, shipping and warehousing were flat, and retail cut 11,000 positions as online shopping reshapes demand. Experts warn tariffs press costs but demand remains robust for service firms. analysts expect a Fed rate cut soon.
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EPA Warns California Auto Pact Violates Federal Law
The EPA and Transportation Department warn California and four automakers Ford Honda Volkswagen and BMW that their July announced voluntary plan to boost fuel efficiency and cut emissions may breach federal authority. The letter threatens legal action if California keeps pursuing the agreement amid Trump admin efforts to roll back standards.
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