12 Jun 2015
US labour force upside results - BNP
FXStreet (Guatemala) - Analysts at BNP Paribas noted developments in the US labour force.
Key Quotes:
"Despite a very dynamic labour market, the absorption of underemployment has come to a halt"
"Yet other indicators are converging, foreshadowing wage acceleration in the months ahead, which should be a more sustainable trend than in late 2012."
"Inflation is also very low and taxes are no longer rising. In brief, US workers are finally seeing an increase in purchasing power."
Key Quotes:
"Despite a very dynamic labour market, the absorption of underemployment has come to a halt"
"Yet other indicators are converging, foreshadowing wage acceleration in the months ahead, which should be a more sustainable trend than in late 2012."
"Inflation is also very low and taxes are no longer rising. In brief, US workers are finally seeing an increase in purchasing power."