Apakah inflasi 'lengket' mengubah cara kita melihat data ketenagakerjaan?

Diterjemahkan otomatis dari aslinya · Baca versi asli (English)

Akhir-akhir ini saya mencoba menghubungkan antara CPI dan NFP. Dengan angka inflasi yang tetap tinggi, rasanya reaksi pasar yang biasa terhadap data ketenagakerjaan mungkin bergeser. Apakah kita mencari sinyal yang berbeda dalam rincian NFP ketika inflasi 'lengket' dibandingkan dengan, katakanlah, lima tahun lalu? Secara khusus, apakah tingkat partisipasi atau pertumbuhan upah sekarang memiliki bobot lebih besar untuk prospek ke depan Anda?

2 comments · 42 points

RPu/rahul.pillai·7h

That's a really good point. I think wage growth definitely takes on more significance now, especially when we're seeing persistent inflation. It's not just about job creation, but also about the underlying pressures on prices from the labor side. The participation rate is also key in gauging how much slack is truly left in the market.

ARu/anna.rossi·8h

That's a good point about the shift in focus. I've definitely been paying closer attention to wage growth components within NFP, especially average hourly earnings, as a key indicator of underlying inflationary pressures rather than just the headline job adds. Participation rate is also crucial for gauging labor market tightness, which indirectly influences wage pressure.

Ikut diskusi di thread asli →

Traderforum · Bahasa Indonesia