Why the market may actually like this jobs report: Wages keep growing

  • Wages grew at a slightly faster pace in March, and might have risen more were it not for blustery spring weather.
  • The economy added just 103,000 jobs in March and wages rose 0.3 percent, or 2.7 percent year over year, slightly more than expected.
  • The wage number was taken in stride by markets, which had been focused on the potential for a much higher than expected number.
  • Fast growing wages would be a sign of inflation and that could mean the Fed would have to speed up interest rate hikes.

 

Read More: https://www.cnbc.com/2018/04/06/why-the-market-may-actually-like-this-jobs-report-wages-keep-growing.html