Wage growth takes center stage

Wage growth, up 2.9% in August from the year before, was the standout figure in Friday’s jobs report. Why it matters: For almost a decade, weak wage growth has defied the economic recovery and has bedeviled workers. Perhaps no longer, according to Joseph Song, an economist at Bank of America Merrill Lynch. Song predicts this…

North Korea Stages Huge Military Parade — Without Its ICBMs

Columns of goose-stepping soldiers and artillery vehicles rolled through a main plaza in Pyongyang, the capital of North Korea, on Sunday, as the country celebrated the 70th anniversary of its founding with a large military parade notable for one conspicuous absence: its long-range ballistic missiles. The North’s intercontinental ballistic missiles, including its Hwasong-14 and Hwasong-15,…