Average hourly earnings of Americans increased to $27.16 in August, 10 cents up from the months before and more than 2.9 percent up from August 2017, according to data reported on Sept. 7 by the Bureau of Labor Statistics (BLS).
“In our view, the biggest news in this morning’s report was the jump in average hourly earnings growth, which beat consensus,” Goldman Sachs stated in a report.
