A mixed US jobs report to come later? ...Middle East

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A strong and decent enough non-farm payrolls print but perhaps a tick higher in the unemployment rate. That seems to be the growing consensus going into the US jobs report later and that would give markets plenty to think about. The former is likely the case after the resolution of the UAW strikes while the latter is a sign of softening in labour market conditions as the economy slows down.So, what will that tell us if we do see things play out this way?All else being equal, that should reaffirm that the Fed is done with rate hikes. The wage numbers are also expected to come in at 4.0% year-on-year, the smallest annual growth since the middle of 2021. So, that should rebuff the narrative tha

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Last updated : 08 Dec 2023 clock 02:52 PM

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A mixed US jobs report to come later? ...Middle East

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