Free Trial

Scotia: Strong Job Acceleration As Delta's Grip Subsides

US OUTLOOK/OPINION

Scotiabank is looking for a well-above consensus October payroll gain of 675k.

  • Citing Census Bureau houehold surveys on reasons for not working (see charts), Scotiabank expects that "as the Delta variant's grip subsided, it appears that more Americans became more comfortable with accepting jobs among the vast number of vacancies."
  • They expect strong rage growth alongside job gains (+5.0% Y/Y ave hourly earnings).

Source: Scotiabank Economics

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.