Associated Press (AP): US businesses cast wider net as jobless rate hits 3.9 pct.
By Christopher Rugaber
Associated Press (AP), Aug 3, 2018
With the U.S. unemployment rate near a five-decade low, companies are looking harder for employees, and in some cases finding them right at their own workplaces. ...
Average hourly pay gains remained modest in July, increasing 2.7 percent from a year earlier, the same as the previous two months. That has puzzled Federal Reserve Chairman Jerome Powell and many economists. Typically, when unemployment has fallen below 4 percent in the past, wages have increased at a faster pace. With rising gas prices pushing up inflation, Americans...