The Federal Reserve (Fed) announced the addition of 169,000 jobs in its August 2013 report, and said the 7.3% unemployment rate is the lowest in five years. More than 300,000 jobs were added since June 2013. Average hourly earnings rose to $24.05, a $0.05 increase, and the average work week ticked up to 34.5 hours from 34.4, implying companies are requiring more labor hours from their workforces. While the numbers are appealing at first, a slew of hidden downsides have economists worried about the country’s unemployment direction. The new job n...


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