The US jobs market is probably one of the closest watched economic indicators this year. As Wall Street tries to second-guess when the Federal Reserve will make its move to raise interest rates again, US jobs market indicators have become a proxy for the general health of the economy and possible indicator of future rate hikes. Wage Growth Set To Weight On Profit Margins After a rocky start to the year, data releases during the past few months have shown that the US jobs market is in robust health. The US labour market expanded at a solid pace for the…
Wage growth is stronger than headline figures suggest
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