According to National Bank of Canada’s analyst, Krishen Rangasamy, hiring is becoming increasingly expensive amidst a tightening labour market. Key Quotes: “Hiring is becoming increasingly expensive in the U.S. amidst a tightening labour market. Latest estimates from the Bureau of Labor Statistics show private sector compensation costs rising 2.9% year-on-year in the second quarter, the highest since 2008.” “Wages and salaries, which account for 70% of compensation, also rose 2.9% (decade-high), while the cost of providing benefits rose 2.8% (a six-year high).” “The Federal Reserve will feel vindicated in its stance to raise interest rates to address such broad based cost-push inflation pressures although mitigating factors, such as deflationary effects of the strong U.S. dollar, may have some doves on the FOMC call for restraint during the current tightening cycle.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF Technical Analysis: Pulling back up to 0.9900 resistance FX Street 5 years According to National Bank of Canada's analyst, Krishen Rangasamy, hiring is becoming increasingly expensive amidst a tightening labour market. Key Quotes: "Hiring is becoming increasingly expensive in the U.S. amidst a tightening labour market. Latest estimates from the Bureau of Labor Statistics show private sector compensation costs rising 2.9% year-on-year in the second quarter, the highest since 2008." "Wages and salaries, which account for 70% of compensation, also rose 2.9% (decade-high), while the cost of providing benefits rose 2.8% (a six-year high)." "The Federal Reserve will feel vindicated in its stance to raise interest rates to address such broad based… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
