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US has 'effective peak employment', bringing high wage growth into focus

US has ‘effective peak employment’, bringing high wage growth into focus

The tight labor market in the US may have reached a new high this year and wage growth will soon follow. Last month, employers added a surprising 528,000 jobs — a staggering figure that doubled Wall Street’s estimates and reflected the labor market fully recovered from the pandemic job loss — while the unemployment rate …

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German central bank chief Joachim Nagel warns inflation will hit 70-year high

German central bank chief Joachim Nagel warns inflation will hit 70-year high

Germany’s central bank chief has warned that interest rates must continue to rise despite the risk of a recession as inflation hits double digits for the first time since 1951. Bundesbank president Joachim Nagel told the Rheinische Post that the recent surge in energy prices driven by Russian pressure on gas supplies is likely to …

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