economy jobs Markets NFP unemployment

Jobs Report In Line For July, Wage Growth Heats Up

Interpretation was rendered difficult by the Fed's muddled message and the president's latest tariff threat.

Interpretation was rendered difficult by the Fed's muddled message and the president's latest tariff threat.
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3 comments on “Jobs Report In Line For July, Wage Growth Heats Up

  1. Lance Manly

    The details on manufacturing are not so hot.

    “The manufacturing workweek declined by 0.3 hour to 40.4 hours in July and is down by 0.6 hour since a recent peak in August 2018. Manufacturing hours are at their lowest point since November 2011. In July, factory overtime edged down by 0.2 hour to 3.2 hours.”

    • yes they focus on AHE too much. AHE is computed by taking total income and total hours. if total hours falls by a larger % than total income, it can look like AHE is rising…not a good metric

  2. What’s the best (readily available and frequent) metric for wage inflation?

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