Markets upbeat on strengthening US wage growth figures
Non-farm payrolls drop slightly but wages appear to be gathering pace
The US dollar climbed and Treasury yields jumped today (October 6), despite what would normally be viewed as a disappointing non-farm payroll figure, as US wage growth showed further signs of strengthening.
The Bureau of Labour Statistics’ (BLS) latest employment summary says total non-farm payroll employment “changed little” on a month earlier, coming in at –33,000. It is the first time the figure has come in negative since September 2010, and is well below the 90,000 figure implied by a
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