September Jobs Report: Strong Labor Market and Wage Growth

This chapter discusses the recent jobs report, which reveals that 336,000 jobs were created in the month, with an additional 119,000 added for July and August. The speaker highlights that despite this, the labor market remains strong through September, raising the question of whether this is inflationary. They also discuss the rise in wages, which only increased by 2-tenths of 8% instead of the expected 3-tenths rise. However, the overall wage gain still pushed the euro a year number up to 4.2%, higher than the Fed's desired range of 3-3.5%.