Surveillance: Too Soon to Breathe Easy After the Jobs Report
Some relief for traders in the jobs numbers, but wages will still worry the Fed
The Friday jobs report showed a significant downside miss on job creation. But the Fed will probably be more concerned about continued wage growth.
Photographer: Nathan Howard/BloombergFor everyone holding their breath since yesterday's ADP shocker, you can breathe now. But only just a little.
At 209,000, the topline payrolls figure was a major miss from the survey number of 230,000, which had ticked higher over the past 24 hours. The prior month was also revised lower.