Unemployment rate: 4.5%
- expected 4.4%, prior was 4.4%
Employment change q/q: 0.5%
- expected 0.4%, prior was 0.6%
- for the y/y, comes in at 3.7% (expected was 3.6%, prior 3.1%)
More:
- Participation rate: 70.9% (expected 70.8%, prior was 70.8%)
- Average hourly earnings: 0.2% q/q (expected 1.0%, prior was 1.1%)
- Private wages including overtime: expected 0.6%, prior was 0.3%
- Private wages excluding overtime: 0.6% q/q (expected 0.%, prior was 0.3%)
And, for the Labour Cost Index:
- For the q/q, comes in at +0.6% (expected was 0.6%, previous was 0.3%)
- y/y is +2.1% (estimates centred on 2.1%, previous 1.9%)
bigger fish being fried at present …. China tariff headlines hitting ….