Our econometric model suggests that the recent slowdown in payroll employment growth is at odds with the strengthening in other measures of labour market conditions. As such, we expect that August’s disappointing 142,000 increase in payrolls will be followed by a 225,000 gain in September. More generally, we expect to see signs of an acceleration in wage growth soon.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services