Analysis-Strong jobs numbers throw markets focus back on data, Fed

 Analysis-Strong jobs numbers throw markets focus back on data, Fed

NEW YORK (Reuters) – A stronger than expected U.S. employment report is strengthening investors’ focus on economic data and the Federal Reserve’s next move, as markets cheer further evidence of a robust economic recovery amid worries over persistent inflation.

FILE PHOTO: A help wanted sign is posted at a taco stand in Solana Beach, California, U.S., July 17, 2017. REUTERS/Mike Blake/File Photo

U.S. companies hired the most workers in 10 months in June, Friday’s data showed, raising wages to entice millions of unemployed Americans sitting at home in a tentative sign that a labor shortage hanging over the economy was starting to ease.

While the initial market reaction to the report was positive, with stocks rising to fresh highs and Treasury yields dipping only slightly, investors said the data does little to dispel concerns that a strong recovery and rising wages could force the Fed to begin unwinding…

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