It’s hard to think the US is heading into a recession when the jobs market is so strong. That’s been the Federal Reserve’s problem, so it has constantly stressed the labour market as being a major indicator for the pace and path of its interest rate hiking cycle. If you take a look at the charts below you can see that the US has been steadily adding jobs to its economy over the last year. However, is that about to change? The expectation for US jobs on Friday is for the economy to add 170,000 jobs down from the prior reading of 187,000 jobs. Average hourly earnings are expected to stay the same at 4.4% and so too are ... (full story)