Stocks Retreat As Nonfarm Payrolls And Wage Inflation Increase
US nonfarm payrolls came in well above expectations (216K vs street 170K). The wage inflation components US average hourly earnings (4.1% vs previous 4.0%), and Canada average hourly wages (5.7% vs previous 5.0%) may also attract scrutiny from investors. Canada jobs were disappointing (0.5K vs street 13K). With the US job market still robust and […]