Dollars and Jens
Friday, June 02, 2006
Jobs report
And, wouldn't you know it, the next day this comes out. It is Not Inflationary. Aggregate wages per week actually dropped by 0.2%, according to the establishment survey; benefits probably did a bit better, but the income to labor seems to have abruptly come back down to earth. July interest rate futures moved 6.5 basis points quite quickly.

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