US managed to open more than 201 thousand new working fields this year

News24xx.com - The United States (US) is said to have experienced a growth of opening job fields for more than 201 thousand jobs in August 2018. While the unemployment rate remained stable at 3.9 percent. Quoted from CNN.com, US government reported that workers in Uncle Sam's land finally experienced a significant increase in wages after years of stagnation.

Based on monthly income data released on Friday, September 7th 2018, average hourly earnings increase 2.9 percent compared to last year, the highest salary growth level since 2009.

The growth rate is not adjusted for inflation that has increased in recent months, so that workers do not need to always spend more than before. The inflation level is lower than the wage growth rate in the previous economics estimated.

However, the average hourly income is not expected to reflect the conditions that are actually happening. Wage levels can be suppressed by more millennial youth entering the workforce with a lower wage scale.

"We don't think it's a coincidence. We think we are at a stage where the labor market is becoming so tight, so we will see upward pressure on wage rates" said Liz Ann Sonders, Head of Investment Strategy at Charles Schwab. Slow wage growth has been a topic of debate among politicians recently. The Democrats use it to support a stronger labor policy agenda and antitrust enforcement.

Meanwhile, White House argues that a different wage measurement approach produces a better picture. The reason is, tax cuts are translated into business investment and increased worker productivity.

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