US labor market: Watching claims and wages – UBS

FXStreetNov 12, 2026 9:21 AM

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Paul Donovan at UBS points out that US initial jobless claims may draw attention in a quiet data calendar, alongside upcoming Housing data.

Jobless claims and wage-price risks

"US initial jobless claims data may get some attention in an otherwise relatively quiet data calendar."

"US policy-makers would have to be concerned if there were evidence of a really tight labor market, creating a wage-price spiral."

"However, in spite of repeated inflation shocks, that has not emerged."

"Housing data is also due."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

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