Succinct Summations for the week ending June 1st, 2018 Positives: 1. Average weekly earnings rose 3% y/o/y (the best in 7 years); weekly earnings up 0.3% m/o/m; 2. Nonfarm payrolls rose 223k in May (expected 190k); 3. GDP = 2.2% annualized growth rate; 4. Unemployment rate fell to 3.8%, (from 3.9%); Jobless claims fell 13k w/o/w from…
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