Feverish employment is not all good news

Economic Insights by Nationwide · Oct 6, 2023 · 15m

The amount of job gains in September was more than double the consensus forecast, which is too hot for the financial market's liking. However, wage growth continues to moderate, which hints at a silver lining. Nationwide's Chief Economist Kathy Bostjancic and Financial Market Economist Oren Klachkin provide their analysis of the labor market and how it could impact the overall economic outlook. [NFM - 22911AO]