TSP Talk Blog

U.S. Wage Gains Pick Up to 2.9% While Payrolls Rise 201,000

By Sho Chandra

September 7, 2018, 6:30 AM MDT Updated on September 7, 2018, 6:56 AM MDT

-Jobless rate unchanged at 3.9%, still near lowest since 1969
- Revisions subtracted 50,000 workers from payrolls in June-July

American wages unexpectedly climbed in August by the most since the recession ended in 2009 and hiring rose by more than forecast, keeping the Federal Reserve on track

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It was another volatile day for stocks Thursday with early gains being sold and late morning lows being bought. The Dow gained 21-points on the day, somewhere in the middle of the +98 high and -94-point low of the day, but it was another negative day for stocks overall so we've had two days in a row of a negative market action and a positive Dow. It seems investors are still looking for a place to put money, rather than outright selling.

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