US kept working through Omicron peak - a podcast by Phil Dobbie

Monday 7th February 2021

Friday’s non-farm payrolls data showed how more people returned to work in the US whilst Omicron saw the highest wave of COVID-19 infections across the country. Over the border Canada saw a fall in jobs in the face of continuing lockdowns. Phil Dobbie asks NAB’s Rodrigo Catril whether this means US jobs will bounce back further next month, and what does this mean for inflation, with the US data showing another increase in hourly wages. China is back at work today, with the possibility that they will add to the rising cost of oil as they seek to replenish dwindling reserves.

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