NEW YORK – Inflation in the US is turning into stagflation. US nonfarm payroll growth of 235,000 in August, the lowest in seven months, was constrained by rising wage costs. Average hourly earnings rose by 0.6%, or 7.5% annualized. The most labor-intensive sectors turned in the worst monthly performance. Retail employment dropped by 29,000 and […]
Tag: chart of the day
Posted inAT+
Will China bail out Biden?
Posted inUncategorized