Pantheon Macroeconomics - The key market risk in the August employment report is the hourly earnings number. The consensus forecast is for a 0.2% month-to-month increase, in line with the underlying trend, but the balance of risks is firmly to the downside.

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2 September. 2016 Downside Risk for Hourly Earnings - Two Calendar Quirks Coincide

By Ian Shepherdson

The key market risk in the August employment report is the hourly earnings number. The consensus forecast is for a 0.2% month-to-month increase, in line with the underlying trend, but the balance of risks is firmly to the downside.

Posted: 2nd Sep 2016 in 'U.S. Documents'

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