It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Friday, April 01, 2016

US March average hourly earnings +0.3% m/m vs +0.2% m/m expected

  • Prior -0.1% m/m
  • Wages +2.3% y/y vs +2.2% exp
  • Prior +2.2% y/y (revised to +2.3%)
  • Avg weekly hours 34.4 vs 34.5 exp
Baring a big shock in the jobs gained/lost, I expect the wages component of the survey will play a big part. There is the monthly/yearly gain but also the number of hours worked, which is an early indicator of wage pressures.
Last month, US dollar gains were reversed when high job growth was overshadowed by low wage gains.
The Fed has pointed to things like high involuntary part time work as something that's restraining wage inflation.

No comments:

Post a Comment