Jobs report shows signs of ebbing inflation -market strategist

STORY: Felton said "we believe we are seeing some moderating and wage pressures. You know, the average hourly earnings ticked down just a little bit. Employment Cost Index has been moving somewhat in the right direction, and that's positive for employers. You're also seeing layoffs tick up slightly, so there's less pressure on employers to pay up as they hire new workers or pay existing workers more, which is one of the complaints that we have seen across all sizes of companies both small and large."