Swiss Economicblogs.org
Underlying trends in the labour market are unlikely to deter the Fed from a further rate hike in December.Non-farm payrolls (NFPs) rose 156,000 in August, bringing the three-month average to a still-robust 185,000/month. The three-month average stands higher than the 12-month average of 175,000, suggesting that underlying momentum in the US labour market – and the broader economy – remains healthy. The unemployment rate increased marginally (+0.1%) to 4.4%, but this remains within the...
Read More »US job creation is still healthy, but wage growth remains modest
