Friday’s jobs report summarized key developments on the labor front during September. Although the big miss on job creation made headlines, the key message came from data on wage growth and the labor force participation rate. And disappointment on Nonfarm Payroll did not push Treasury yields lower. Instead, yields rose significantly and the yield curve steepened.
Key Takeaways from Jobs Report
Key Takeaways from Jobs Report
Key Takeaways from Jobs Report
Friday’s jobs report summarized key developments on the labor front during September. Although the big miss on job creation made headlines, the key message came from data on wage growth and the labor force participation rate. And disappointment on Nonfarm Payroll did not push Treasury yields lower. Instead, yields rose significantly and the yield curve steepened.