This podcast episode discusses the importance of monitoring the average hourly wage as an indicator in jobs reports. While the current increase in wages is small, it can be viewed as a positive sign for the overall economy. The tight labor market has led to employers raising wages to attract more workers, contributing to a healthy labor market. However, concerns about potential inflation due to prolonged wage increases exist. The latest jobs report suggests that the labor market is still healthy but cooling down, which may prompt the Federal Reserve to consider cutting interest rates. The healthcare sector is highlighted as a strong job growth area, with consistent growth over the past four years.
