US Labour Market (Aug) – Avg Hourly Earnings

MoM: 0.4% vs. 0.3% exp. (prior 0.2%) YoY: 3.8% vs. 3.7% exp. (prior 3.6%)

The unemployment rate falling to 4.2% was some decent news here.

It’s unlikely that this particular jobs report will sway the Fed’s decision strongly.

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