The bureau also revised July's job numbers up 6,000 and June's down 13,000. While last month's unemployment rate increased from 4.2 to 4.3 percent, the rate of wage growth in the nation is now trending higher than inflation. After Federal Reserve Chair Jerome Powell responded to the report by saying that "downside risks to employment are rising," economists are anticipating that the central bank will lower interest rates later this month at their policy meeting. |