US labor market data continues to underwhelm this year. Though positive job gains might be sufficient for FED to hike rate for the first time since 2006, this year. Stronger improvement will be required for subsequent hikes.
After ADP employment disappointed to downside, Non-farm payroll number slightly missed estimate, Labor market condition index remains stagnant, today preliminary reading of US labor productivity and unit labor costs underwhelmed again.
Productivity, a measure of how efficiently inputs such as labour and capital are used, climbed at 1.3 per cent annual pace in the second quarter, lower than analysts' estimate of 1.6%. Unit labor cost reading, though beat analysts' estimate at 0.1%, remains at 0.5%, well below of what can be called as strong jobs market.
With underwhelming jobs data, doves like Mr. Evans in FED are likely to argue strongly against rate hike in September.


How Donald Trump has changed the way diplomacy is done
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies
Today’s space race could turn fatal if we don’t agree on new rules
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead
How AI prompting turned writerly description into an everyday skill
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns
World Cup technology: from ref cams to AI analysts, cutting-edge research is changing the game
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer
Gold Surges Above Key EMAs, Bulls Eye Resistance Amidst Bullish Momentum 



