Job data shows bloom and boom – perhaps too much so
This may be another quarterly spike that reverses itself out the next quarter.
The job market is going like gangbusters.
Average hourly earnings are, at 2.2%, back up above inflation.
The workforce participation rate just hit another record high, at 71.1% of the workforce.
Labour costs rose to 1.9%, year on year.
Oh, and unemployment fell from 4.8% to 4.6% – lower
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Rob Hosking
Wed, 01 Nov 2017
Wed, 01 Nov 2017
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Job data shows bloom and boom – perhaps too much so
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