8 Jan 2016
US non-farm payroll to be the main release to watch – Danske Bank
FXStreet (Delhi) – Research Team at Danske Bank, suggests that the main release to watch today is the US non-farm payroll.
Key Quotes
“We expect the job report for December to show that employment has continued to rise this month and that the labour market continues to tighten. Our main focus is on the growth in average hourly earnings, as higher wage growth is necessary for higher underlying inflation pressure in the US. The Phillips curve, which describes the relationship between unemployment and wage growth, shows that wage growth has been ticking up this year and we expect this to continue next year too.”
Key Quotes
“We expect the job report for December to show that employment has continued to rise this month and that the labour market continues to tighten. Our main focus is on the growth in average hourly earnings, as higher wage growth is necessary for higher underlying inflation pressure in the US. The Phillips curve, which describes the relationship between unemployment and wage growth, shows that wage growth has been ticking up this year and we expect this to continue next year too.”