Investors are worried that wage growth is not keeping up with the low unemployment rate and are concerned that the economy won’t be able to keep up with demand. The data was disappointing on a number of fronts, but the most alarming was wage growth and the fact that wage growth fell to its lowest level in nearly 17 years. The sell-off came as investors reacted to a volatile session on Wednesday in which data released by the Federal Reserve, the Commerce Department and the Labor Department sent stocks diving and then rebounding. The blue-chip index fell as much as 383 points before closing down at 3973, a drop of 275.6 points or roughly 1.5%. The Dow Jones Industrial Average dropped more than 300 points at the open on Thursday, falling back under the psychologically significant level of 4000 for the first time since December 2016. But wages fell, retail sales were down and optimism about the economy was weaker than expected. That was also what investors were expecting.

The unemployment rate dropped to 3.8 percent, the lowest level since 2001, from 4.1 percent in December. House prices also dropped in January for the first time since 2016. The price of stocks is going down, with the Dow Jones Industrial Average today falling more than 300 points in the first few minutes of trading. But investors are concerned that wage growth is not keeping up with the low unemployment rate. also fell to its lowest level in nearly 17 years. The number of people out of work in the U.S. That’s not to say the news was too positive. The markets had also been worried about a potential trade war with China. The unemployment rate hit its lowest level in nearly 17 years, but wage growth was sluggish. The sell-off came after a volatile session on Wednesday as investors reacted to a jobs report earlier in the day from the U.S. The Dow Jones today fell more than 300 points in the first few minutes of trading. stock market opened lower Thursday morning, as a sell-off on Wall Street continued. This story originally appeared on mortgages

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