The jobs report released Friday morning came in a little weaker than expected, but there was one very big positive. Wages are growing at a respectable clip again, and that's the first time that's happened on an annual basis since the recession.
Household incomes were up sharply in 2015, according to a report released today by the U.S. Census Bureau. Median family income climbed 5.2 percent to $56,516 a year. That's the biggest increase in nearly 50 years.
Employers added 151,000 jobs in August, which is somewhat disappointing. Most economists were expecting about 180,000 new jobs. The unemployment rate held at 4.9 percent for the third straight month. Many analysts are now saying job growth is slow enough to keep the Federal Reserve from raising interest rates in September.
The Justice Department and a number of states filed suit today to block two big mergers in the health insurance industry. Anthem was planning to acquire Cigna, and Aetna sought to buy Humana. Justice Department officials said they had no doubt the mergers would reduce competition and hurt consumers.
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