Wages Fell in July as Hiring Slowed in Uneven U.S. Job Market
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Employees took home less pay and worked fewer hours in July and job growth was the weakest in four months even as the U.S. jobless rate fell, underscoring uneven progress in the labor market.
Payrolls rose by 162,000 last month, while unemployment dropped to 7.4 percent from 7.6 percent, the Labor Department reported yesterday in Washington. The workweek on average was the shortest in six months and hourly earnings fell for the first time since October.