RPLS makes its debut: Our first release of the Revelio Public Labor Statistics (RPLS) shows employment rising by just 50,000 jobs in August, coming in below expectations and confirming the broad decline in job growth reported by the BLS (+22k).

• Wage gains were modest and uneven: Salaries from new postings rose 0.6%, led by the Information sector (+1.1%) and Washington state (double-digit gains), while several industries and regions saw declines.
• Hiring strength remains concentrated: Healthcare, Education, and Professional Services drove job growth, while government jobs and many Southern and Midwestern states held back momentum.