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US: February is expected to have been a strong month for hiring and wage growth
Economists expect hiring remained strong in February and that wages grew even faster than they did in January. February’s employment report is expected Friday at 8:30 a.m. ET. Economists forecast 225,000 new jobs were added in February, lower than January’s surprisingly strong 517,000 jobs, according to Dow Jones. The unemployment rate is expected to hold steady at 3.4%. Average hourly earnings are forecast to rise by 0.4%, or 4.8% year over year. That is more than January’s 0.3% increase, or a 4.4% annualized rate. If the report is as expected, it will do little to quell concerns about high inflation and it ... (full story)
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- Posted: Mar 10, 2023 2:34am
- Submitted by:Category: Fundamental AnalysisComments: 3 / Views: 3,520
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