US non-farm payrolls have come in lower than expected at 145k for December, while annual wage growth missed forecasts at 2.9% 1.52pm GMT Steen Jakobsen, chief economist at Saxo Bank, says the biggest question arising from the US December jobs figures is why wage growth is slowing:Quick-take: Non-farm. Small miss on jobs, but…. the more interesting point being US Avg. Earnings which fell again.. if US economy @full employment why is salaries coming down? Net delta: Positive: gold, FI – Negative: $ – Equity- Neutral. pic.twitter.com/9wOvQcZXb0 1.50pm GMT The disappointing jobs figures appear to have dimmed excitement about a potential new record for the Dow, which some have said could push above 29,000 for the first time today. US stock futures have pared their gains: Continue reading…
Via: US jobs numbers disappoint and wage growth slows – business live
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