MISS: HOURLY EARNINGS CLIMB JUST 1.9% (Est.. +2.2%)
REUTERS/Octavian Cantilli The July jobs report is out, and the U.S. posted average hourly earnings growth of x, beating/missing analyst expectations of 2.2%
Though all eyes are surely on the general employment figures, we're looking at wages.
As we've pointed out, average hourly earnings growth has been moving in the right direction for the first time since the end of the crisis.
mayyyybe: Today's beat on wages should also allay fears about deflation.