Wages are rising for the first time in two decades, with an overall unemployment rate of 3.8 percent, matching the lowest rate in 50 years. The U.S. economy is roaring like no other time in recent memory.
The latest labor report helped underscore some of the differences between the U.S. economy and the rest of the world. September marked the 96th-straight month of job growth – and the lowest unemployment level since 1969. The report pushed interest rates higher, which contributed to last week’s equity losses.