>US Treasuries up on signs of muted wage inflation
THat was yesterday. This morning the BLS reported that average hourly wages were up 0.5% in October, more than twice the recent trend (0.2% over the previous six months). This has the inflation hawks up in arms, worrying out wage inflation and excessively full employment.
But on balance the jobs report kinda sucked. Employment was up just 56,000, and few sectors did better than the average. The labor force declined, which is why the unemployment rate declined by 0.1 point,
Doug