Listen To The Story
Marketplace

New data from the Labor Department show 201,000 new jobs were created in August, which is about average, month-in, month-out, for the past year.  The unemployment rate was unchanged, at 3.9 percent. We've been sitting in that low-unemployment ballpark since mid-spring. Average hourly earnings for private sector workers accelerated in August.  They're up 2.9 percent compared to one year ago, which is not something we've been able to say for almost a decade. All of this is another sign that the tight labor market is pushing employers to raise pay to attract and retain workers.

Click the audio player above to hear the full story. 

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Mitchell Hartman at @entrepreneurguy