US wages rise by most in decade even as hiring tumbles
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March 8, 2019
WASHINGTON (AP) — The pace of hiring in the United States fell last month to its lowest point in nearly a year and a half, a surprise drop likely reflecting harsh weather and other temporary factors that led most economists to see the slowdown as a temporary blip.
Employers added just 20,000 jobs, down from a blockbuster 311,000 in January. Even with February's anemic gain, job growth over the past three months has averaged a solid 186,000, enough to lower the unemployment rate over time.
And average hourly pay surged 3.4 percent from a year earlier — the sharpest year-over-year increase in a...
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