The U.S. jobs machine still chugging along
The U.S. economy added 201,000 jobs in August and the unemployment rate held at 3.9%. Wage growth accelerated to 2.9%. Economists surveyed by Bloomberg forecast 191,000 new jobs and the unemployment rate falling to 3.8%.
Bottom line: The U.S. economy's longest-ever streak of job growth continues. Former Obama administration economist Jason Furman said on Twitter it's "remarkable" job growth has remained so strong for so long.