The Conversation

Lackluster jobs growth and stagnant wages show why the Fed shouldn't raise interest rates just yet

Author: The Conversation USA

Workers are still feeling a little pinched.Empty wallet via www.shutterstock.com

Today the Bureau of Labor Statistics reported that in July, the economy created 215,000 jobs, the unemployment rate remained unchanged at 5.3% and hourly wages over the past 12 months grew by 2.1%. Meanwhile, consumer prices are up only 0.2% from a year ago.

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