US Hourly Earnings Data Offering Silver Lining?

By FOREXYARD,  June 06, 2011, 08:39:48 AM EDT

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Though last Friday's non-farm payroll ( NFP ) data showed remarkable stagnation in the US jobs sector , the news that average hourly earnings went up beyond expectations has at least a few analysts looking into whether the jobs data has a silver lining.

The report, released by the Bureau of Labor Statistics last Friday, has a correlation to positive inflation and growth. It acts as a leading indicator of consumer spending as higher incomes tend to pass on to growth in retail sales and consumer sentiment. Whether this is enough to offset the slow job growth is something worth watching as the days progress.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks: NFP



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