US Jobs Market Refuses To Surrender
Thursday brought more robust jobs data out of the US economy, underscoring the Fed's uphill battle to balance an overheating labor market.
Private sector employers added 235,000 jobs last month, ADP said. That was far more than economists expected. Consensus was 150,000. The range of estimates was 100,000 to 280,000.
Although ADP hasn't been the best predictor of the government's jobs report, any incremental evidence that the labor market remains "too" hot supports the Fed's inclinations to ha
Good morning. Wage growth remains warm, but it’s softening. It’s not a hard and fast reduction. If that trend continues, I’ll be comfortable with it.
Can we not abide with softening wage growth as long as inflation continues to slow?