Was US payrolls a Goldilocks moment?
Monday 4th September 2023NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABThe number of American jobs rose in data released Friday. Normally this would be seen as a sign of a tightening labour market, but a sharp rise in those entering the labour force means the unemployment rate has actually increased, whilst wage increases have slowed. NAB’s Ray Attrill says the Fed and Joe Biden couldn’t have hoped for anything better, even if they wrote the numbers themselves. All in all it has reduced the expectations of a Fed rate hike later this month…
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