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 :

January 8, 2024

Markets full of doubts

Markets full of doubts Macro & Oil #83 The euphoria of late 2023 has given way to doubts: what if the Fed does not cut…
ES-oil
June 24, 2021

Supply-side market

ICE Brent prompt contract remained at in the mid 75 $/b, as the EIA weekly report depicted a rather tight US crude market. Cushing drew…
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]