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  • 1 min

Solid US job report in June

  • 5 July 2019
  • Philippe Waechter
  • Employment Report
  • Labor Market
  • Monetary Policy
  • Wage rate
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The #US June #employment report shows that the drop seen in May (72 000) was temporary. The June figure was 224 000 and 191 000 for the private sector. The average for both measure is close to figures observed in 2016 and 2017. No necessity for the Fed to act rapidly. In 2017, the Fed was tightening smoothly.

On the wage side, the deceleration is rapid at 3.14% on a year (3.4% in Feb.). Graph shows that the Fed rate can manage a plateau as long as wages do not drop rapidly. This would be caused by a strong growth slowdown. It’s not the case yet. Therefore, nothing is expected on the Fed’s side in July.

Related Topics
  • Employment Report
  • Labor Market
  • Monetary Policy
  • Wage rate
On the same topic
  • 1 min

Reflections on pensions in France

  • 13 January 2020
  • France

Philippe Waechter

Discussions in France about retirement often give the impression that pensions have to correct a large part of the inequalities of the working period.They suggest an at least partial dissociation…
  • Labor Market
  • Retirement
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  • 2 min

A robust French Economy despite the strike

  • 17 December 2019
  • France

Philippe Waechter

The Markit survey for France does not suggest in December an inflection that can be linked to the social movement. The economy’s capacity to adapt is stronger than we imagine…
  • Business Cycle
  • Labor Market
  • Markit Survey
READ
  • 3 min

Brexit will take place on January 31

  • 13 December 2019
  • International

Philippe Waechter

The British vote validates the choice of Brexit and the exit from the European Union on January 31, 2020. Boris Johnson is free to define his strategy. Boris Johnson’s huge…
  • Boris Johnson
  • Brexit
  • UK General Elections
  • United Kingdom
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