Employers add enough jobs to keep the unemployment rate near a 50-year low.
On Friday, the Bureau of Labor Statistics reported that the US economy added 187,000 jobs in August.
Wage growth has been particularly strong for low-paid workers since March 2020, when the pandemic shut down the U.S. economy, said Elise Gould, senior economist at the Economic Policy Institute. Because of government stimulus such as expanded unemployment benefits, low-paid workers had a stronger safety net as they looked for better-paying jobs. As a result, many employers have boosted pay during the past three years.