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 :
Share on twitter
Share on linkedin
Share on email

You might also read :

November 3, 2021

Technical rebound amid unchanged fundamentals

Amid unchanged fundamentals, European gas prices rebounded yesterday, supported by technical buying after the previous sessions’ strong losses. Asia JKM prices (-7.74%, to €76.771/MWh, on…
February 18, 2022

Markets unnerved by tensions with Russia

Equity markets fell sharply yesterday, particularly in the US, after a US official warned of an “imminent invasion” of Ukraine by Russia. The flight of investors…
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?  Sign up here!