By SCHWAB NEWSROOM
SEPTEMBER 18, 2018
With the economy continuing to chug along nicely and unemployment remaining at record lows, it has been somewhat surprising that wages have remained relatively flat. But as August’s jobs report indicated, that may be changing.
Bureau of Labor Statistics data showed that nonfarm payrolls were up 201,000 for the month, leaving the unemployment rate remained unchanged at 3.9%. The bigger news was that average hourly earnings were up 0.4% from the previous month and 2.9% from a year earlier (the latter is up from 2.5% on average last year).
"Darwin was the first to use data from nature to convince people that evolution is true, and his idea of natural selection was truly novel. It testifies to his genius that the concept of natural theology, accepted by most educated Westerners before 1859, was vanquished within only a few years by a single five-hundred-page book. On the Origin of Species turned the mysteries of life's diversity from mythology into genuine science." -- Jerry Coyne
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