U.S. job growth slows in August; wage growth retreats (YOUR MOVE, FED...)

Persistently sluggish wage growth could, however, make the U.S. central bank cautious about raising interest rates gain this year. The Labor Department said on Friday nonfarm payrolls increased by 156,000 last month. The economy created 399,000 jobs in June and July.

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Average hourly earnings rose three cents or 0.1 percent after advancing 0.3 percent in July, keeping the year-on-year gain in wages at 2.5 percent for a fifth consecutive month. Americans also worked fewer hours in August. The average workweek slipped to 34.4 hours from 34.5 hours in July.