Pantheon Macroeconomics

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7th Oct 2022 16:16U.S., Daily Monitor

  • Markets overreacted to an insignificant dip in unem- ployment because the Fed overreacts to the data too.
  • The slowing in job growth has been very gradual in recent months, but friendly seasonals can’t last.
  • The slowing in wage gains still looks more like a sta- tistical quirk than a trend, but October data are key.

fed job growth October wage gains wages

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Keywords for: 11 Oct 2022 US Monitor

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