6 Sept 2022 US Monitor Labor Market Uncertainties Abound, but the Big Picture is Still Strong

Ian Shepherdson (Chief Economist and Founder)2nd Sep 2022 15:26U.S., Daily Monitor

Job growth likely is slowing, but it is still too strong for the Fed, and wage gains are too fast too...
Participation appears still to be rising, but it’s not yet high enough to cap wage growth.
The services PMI points to downside risk for ISM services; housing is hurting both surveys.

ahe employment employment data fed inflation target ism job growth labor labor market margin compression payroll payroll growth payrolls pmi private payroll private payrolls productivity productivity growth rate hike real estate September services index services pmi summer surveys u.s. us wage gains wage growth wages

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