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Subject Payrolls rose 315,000 in August as companies keep up hiring pace

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Original Message was in Fargo a couple days ago and help wanted signs everywhere. $18 to $20 starting wages at fast food restaurants and convenient stores.

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Nonfarm payrolls rose solidly in August amid an otherwise slowing economy, while the unemployment rate ticked higher as more workers rejoined the labor force, the Bureau of Labor Statistics reported Friday.

The economy added 315,000 jobs for the month, just below the Dow Jones estimate for 318,000. The unemployment rate rose to 3.7%, two-tenths of a percentage point higher than expectations largely due to a rising labor force participation rate. A broader measure of unemployment that includes discouraged workers and those holding part-time jobs for economic reasons rose to 7% from 6.7%.

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