Wage growth is stronger than headline figures suggest

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 second straight month in July. The economy added 255,000 jobs (after an upwardly revised 292,000 surge in June), and...