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LATEST US DATA

Wage stagnation dampens June job creation

Friday, July 3, 2015 - 05:50
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Payroll growth surged in December, capping the second-best year for American workers since 1999 and further evidence of a resilient job market that prompted the Federal Reserve to raise interest rates.

Washington

THE US labour market took one step forward and one back in June as job creation advanced while wages stagnated and the size of the labour force receded.

The addition of 223,000 jobs followed a 254,000 increase in the prior month that was less than previously estimated, a