BlockBeats news, on January 8, Pantheon macro analyst Samuel Tombs stated that the Federal Reserve will soon be concerned about 'the oversupply of labor and the unwelcome weakness in wage growth.' He noted that the increase in job vacancies in the November JOLTS report was unexpected, but there are signs that employment costs are cooling down.
Tombs pointed out that the resignation rate fell from 2.1% to 1.9%, 'indicating a greater slowdown in (employment costs) growth.' 'Therefore, the average hourly wage has increased by 0.4% for two consecutive months, which seems like noise around a trend that is still slowing.'
Tombs expects that the average hourly wage will slow down in the non-farm payroll data for December, which will be released on Friday. (Jin Shi)