New NY Fed dataset shows weakening labour market

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The New York Fed

The Federal Reserve Bank of New York unveiled a new, more granular labour market dataset on August 21, which provides little comfort to policymakers on the state of US wage growth.

The data forms a new “module” in the New York Fed’s survey of consumer expectations. Collected every four months, it asks people more detailed questions than other surveys on their actual job experiences and what they expect to happen in the future.

“No other data source collects real-time information about such a

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