Jun
08

Employment Extravaganza

now hiring May’s employment data was excellent! Payrolls rose by 280,000, upward revisions were made to prior months, and because the labor force participation rate grew 0.1% for the second month in a row, the unemployment rate increase from 5.4% to 5.5% is good. Moreover, average hourly earnings were up 2.3% year-over-year, continuing their slow rise and their best year-over-year gain by a nose since 10/09. September rate rise, here we come!

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