US labour market – stability abounds although, worryingly, real wage gains have evaporated

Created
Mon, 09/10/2023 - 14:50
Updated
Mon, 09/10/2023 - 14:50
Last Friday (October 6, 2023), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – September 2023 – which showed payroll employment rising by 336,000 and the unemployment rate stable, after rising 0.3 points to 3.8 per cent in August. I posed the question last month when…