Jobs are no longer the guide to fed policy despite the slavish adherence to NAIRU - inflation is the key
re:wages - "In December, health care employment rose by 39,000, with most of the increase occurring
in ambulatory health care services (+23,000) and hospitals (+12,000). Job growth in health care averaged 40,000 per month in 2015, compared with 26,000 per month in 2014."
The growth in these jobs drags down Avg hrly earnings while the slow growth in higher paying Manufacturing (flat in 2015) and Mining (declined)
Employment and Inflation are only tangentially related - the health care jobs add to the COSTS of the biggest industry (inflation) while keeping wage growth low
PAR14:24:16 GMT - 01/08/2016
No rate hike with zero wage growth. Sell the dollar.
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Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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