Bond yields have been rising as interest rate expectations have been rising, and the wage number confirms
signs of wage inflation.
Inflation has been boosted by the stabilization of energy prices, consecutive years of 2 % (and above) real gross domestic product (GDP) growth and the continued
rise of wage inflation.
A jobs number miss will bolster the case that the Fed should wait to raise interest rates until next year and perhaps calm
fears of wage inflation.
Federal Reserve Chairman Jerome Powell said Thursday that there are no «decisive» signs
of wage inflation yet.
On the
subject of wage inflation, Rudolph - Riad Younes recently noted, correctly I think, that in recent years, «wages, plus equity withdrawal from your house, was enough to support your living standard.
The way the AWPA sees it, that means the resources sector needs to get on with the task of training the people it will need to ensure it is not left exposed to the risk of the
sort of wage inflation that has undermined the return metrics of so many of our biggest projects.
Inflation has been boosted by the stabilization of energy prices, consecutive years of 2 % (and above) real gross domestic product (GDP) growth and the continued
rise of wage inflation.
Signs
of wage inflation were present last month.