
Coy Labor Market Leaves Fed Divided
Private sector employers in the US added more jobs than expected in October, this week's marquee US

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Holiday hiring is starting, should show up in the “trade/transportation/utilities” bucket and in the “Large establishment” strata. Some consider “education/health services” to be lower-value. I think SMB hiring is a good reflection of Main St mood. That said, wage growth near 5% is very solid.