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US labour market: What do claims and wages signal? – UBS
With the data calendar relatively quiet, US initial jobless claims may attract market attention, notes Paul Donovan at UBS. Housing data is also due.
Do jobless claims signal wage-price risks?
"US initial jobless claims data may get some attention in an otherwise relatively quiet data calendar."
"US policy-makers would have to be concerned if there were evidence of a really tight labor market, creating a wage-price spiral."
"However, in spite of repeated inflation shocks, that has not emerged."
"Housing data is also due."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Learn more.)
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