Nonfarm Payrolls Analysis: Markets cheer low wages, inflation fears may swing stocks back down Premium
Is Silicon Valley getting closer Main Street? Techies in California have always earned more than others, and perhaps as a result of their struggles, average wage growth is down. Fears of tech layoffs and the woes at SVB have yet to reach the wider economy, but a small increase of 0.2% in Average Hourly Earnings is taking its toll. The USD is down.