09/09/18

Is The US Job Market Is Finally Overheating? The Answer In 40 Charts



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Is The US Job Market Is Finally Overheating? The Answer In 40 Charts
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The stock market hiccuped, and bond yields spiked on Friday after the latest jobs report showed that the Phillips curve is finally coming back to life as average hourly earnings spiked, rising by double the expected 0.2% M/M, and posting a 2.9% increase annually, the highest since the financial crisis.

This in turn has further entrenched the view that the Fed may be falling further behind the jobs and inflation curve - and will be forced to raise rates longer and ....

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