US Job Market Fuels Inflation Risk With 0.4% Wage Gain as Payrolls Rise 165,000

3 articles · Updated · Crypto Briefing · Nov 13

Average hourly earnings rose 0.4% in October and 3.1% from a year earlier, signaling the U.S. labor market may start adding to inflation rather than offsetting it.
Payrolls increased by 165,000 while unemployment held at 4.1%, a combination that points to a still-firm job market despite years of relatively stable inflation pressure from labor.
October CPI also climbed 0.4%, suggesting wage growth is no longer eroding workers’ purchasing power and reinforcing market concerns that inflation could stay elevated.
Market pricing now shows lower odds that annual inflation will come in at 3.2% or less for October, putting upcoming BLS data and any Federal Reserve policy signals in sharper focus.

Sources

Left100%

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