Job creation slows down but wages accelerate in the US

The August US employment report sent two contradictory signals: a sharp slowdown in job creation (+235k) reflecting the impact of the variant delta, but an acceleration in wages (+0.6% m/m and +4.3% yoy) highlighting the labour shortage. See our Friday’s news on this subject.

EnergyScan - Economics news

Equity markets were hesitant in the US but declined in Europe due to the weakening of the dollar (EUR/USD exchange rate crossing 1.19) and long term bond yields were slightly on the rise.

The USD is recovering a little this morning (1.1870), which could support European markets, especially as US markets are closed. 

German industrial orders rebounded strongly for the second month in a row in July, confirming the reduction of bottlenecks in the automotive sector.

Share this news :

You might also read :

ES-economy
September 8, 2021

Slight rise in long-term bond yields

The continued rise in bond yields (1.37% for the US 10-year) reflects market nervousness ahead of tomorrow’s ECB meeting and the release of the Fed’s Beige Book this evening. At…
ES-power
March 25, 2022

EUA clawed back losses amid low liquidity

The European power spot prices inched up yesterday as the expectations of lower French nuclear availability offset the forecasts of stronger wind output and weaker…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]