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Falling wages, soaring energy prices and inflation: It’s beginning to look a lot like the 1970s
The brief
- The article compares current falling wages, rising energy prices and inflation with the 1970s
- It asks whether investors should return to the financial playbook used during that decade
- ‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
- Bets on an October Fed rate hike fall as US job market cools
- Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
- US adds 29,000 jobs in September as unemployment rises to 4.2%
- The September jobs report will be released Friday. Here's what to expect