Financial Review

…201,000 new jobs in August. 3.9% unemployment rate. Wages up to 2.9% annualized, but just keeping pace with inflation. Tariff threats. Financial Review by Sinclair Noe for 09-07-2018 DOW – 79 = 25,916 SPX – 6 = 2871 NAS – 20 = 7902 RUT – 1 = 1713 10 Y + .06 = 2.94% OIL = .09 = 67.86 GOLD – 3.30 = 1197.20   The economy created 201,000 new jobs in August. The unemployment rate was unchanged at 3.9%, an 18-year low. And wages finally moved higher, up 10 cents to $27.16 an hour. What’s more, the yearly rate of pay increases climbed to 2.9% from 2.7%, marking the highest level since June 2009. The June payroll report was revised down by 40,000 to 208,000; and July was revised 10,000 lower to 147,000 – a net loss of 50,000 jobs in revisions, bringing the three-month average gain to 185,000. Revisions are a regular occurrence. The August report will face 2 revisions. August has proved tough to measure accurately in recent years, at least initially. Over the past five years, every first estimate of job growth in Aug