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Could December’s Wage Growth Spook the Already Volatile Markets?

Annie Gilroy
Could December’s Wage Growth Spook the Already Volatile Markets?

Wage growth will likely be the most closely watched component of the US (VOO) jobs report. While the other components of the jobs report have shown a firm labor market, wage growth has been a missing piece for a while. While wage growth had disappointed market participants for the last few months, November’s wage growth was more or less in-line with expectations.