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Published: Friday, September 07, 2018 @ 9:16 AM
By: Thomas Gnau - Staff Writer
— The U.S. economy proved stronger than economists’ expectations in August, adding just over 200,000 jobs nationally while the consensus expectation among economists was closer to 190,000 new jobs.
The jobless rate nationally remain lodged at 3.9 percent.
Wages rose slightly, with average hourly earnings easing up 0.4 percent. They grew by 0.3 percent in July.
The annual gain in wages, at 2.9 percent, may provide the better snapshot.
The economy is strong in Dayton and Ohio, as well, with local employers hungry for qualified employees. Fuyao Glass America, MAHLE Behr Thermal Products, construction firms, freight haulers and hospitals are all advertising for the right workers.
Nationally, some of the biggest industries pushing for workers included construction, which added 23,000 jobs and has increased by 297,000 over the year.
Manufacturing employment, however, lost 3,000 jobs in August, but over the year, employment in that industry has risen by 254,000, with more than three-fourths of the gain in the durable goods sector, according to Friday’s report from the U.S Bureau of Labor Statistics.