- Prelim was +1.1%
- Prior was +2.0%
- Productivity +1.7% vs +2.6% expected
- Prelim was +3.0%
This number highlights the tightness in the jobs market and we're seeing a pickup in the US dollar in aftermath. The Fed's nightmare scenario is a wage price spiral; so while these numbers are tough to measure, they will err on the side of being too hawkish.
