Swiss Economicblogs.org
October non-farm payrolls provided another sign of the US economy’s strength. But tepid wage growth means the Fed will likely remain cautious.October payrolls showed the US economy remains in fine fettle, as underlying payroll growth remained firm. Robust labour-market signals echo recent solid business surveys, strong job opening data, and very low levels of initial jobless claims.Payrolls rose 261,000, reversing some hurricane-related weakness (payroll growth was only 18,000 in September)....
Read More »US employment—It’s Goldilocks!
