US hourly pay hits new high despite employment disappointment

08 March 2019

 

The US economy continues to produce more jobs despite the being close to full employment. The buoyant conditions have eaten into the under-employment rate and annual increases in hourly pay have hit a new post-GFC high. According to the US Bureau of Labor Statistics, the US economy created 20,000 jobs in the non-farm sector in February. Economists had been expecting around 180,000 additional positions. US bond yields finished the day...

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