Oxford Economics: cooling payroll gains may ease wage inflation pressure
Oxford Economics said ADP’s slowdown in payroll gains points to the labor market not adding inflationary pressure, citing “lack of labor tightness” that should keep nominal wage growth from accelerating.
The slowdown in payroll gains in ADP's latest employment report suggests that the labor market won't be a source of inflationary pressure, according to a note from Oxford Economics. "Lack of labor tightness should keep nominal wage growth from accelerating," the report said.
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