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US private sector adds 38,000 jobs in August; base pay rises 3.2%, gross pay up 4.7% year-over-year

Market News
02 Sep 2026
PRNewsWire
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Neutral
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In August 2026, US private-sector employment grew by 38,000 jobs, marking the slowest job creation pace since January. Base pay increased by 3.2% and gross pay by 4.7% year-over-year, with job-changers seeing higher wage growth than job-stayers. The report highlights slowing wage growth, especially among lower-paid workers, amid ongoing economic complexities like inflation and demographic shifts. ADP's enhanced Pay Insights now offers deeper analysis across sectors, regions, and worker types, providing a clearer picture of labor market trends.

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Nvidia returns $26B to shareholders with a 2,400% dividend hike, signaling more increases ahead.

Nvidia returns $26B to shareholders with a 2,400% dividend hike, signaling more increases ahead.

Nvidia has returned a record $26 billion to its shareholders after increasing its dividend by an extraordinary 2,400%. This massive payout highlights the company's strong financial position and commitment to rewarding investors. The significant divid...

Company Fundamentals
Bullish
3 hours ago
Caterpillar partners with FieldAI to boost jobsite safety and efficiency using AI and robotics.

Caterpillar partners with FieldAI to boost jobsite safety and efficiency using AI and robotics.

Caterpillar has teamed up with FieldAI to enhance jobsite and factory operations through physical AI, robotics, and digital twin technology. This collaboration aims to improve safety, productivity, and decision-making by providing real-time insights ...

Market News
Bullish
4 hours ago
Universal Technical Institute opens new San Antonio campus focused on skilled trades training.

Universal Technical Institute opens new San Antonio campus focused on skilled trades training.

Universal Technical Institute (UTI) has opened its seventh Texas location, the UTI-San Antonio campus, dedicated exclusively to skilled trades training programs. The opening was marked by a ribbon-cutting ceremony attended by public officials, commun...

Company Fundamentals
Bullish
4 hours ago
Jefferies upgrades UK banks' targets, sees strong dividends and capital growth despite margin concerns

Jefferies upgrades UK banks' targets, sees strong dividends and capital growth despite margin concerns

Jefferies upgraded target prices for major UK banks including Barclays, Lloyds, and NatWest, citing strong capital generation and expected sector dividend yields above 12% by 2028. The broker highlighted structural hedge benefits that could boost ret...

Market News
Bullish
4 hours ago
Panmure Liberum cuts Smith & Nephew target price after weak Q2 and CFO exit

Panmure Liberum cuts Smith & Nephew target price after weak Q2 and CFO exit

Panmure Liberum lowered its target price for Smith & Nephew PLC from 1250p to 1120p and maintained a 'hold' rating after the company reported disappointing second-quarter results and announced the departure of CFO John Rogers. The medical device make...

Market News
Bearish
4 hours ago
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