Swiss Economicblogs.org
The May nonfarm payroll report was mixed, but still unlikely to modify the case for a Fed hike this month. We still expect the Fed to raise rates twice more this year (in June and September).May was a mixed month for US employment data. Job creation was softer than expected, the figures for the previous couple of months were revised down and average hourly earnings data were somewhat disappointing. However, the unemployment rate unexpectedly fell further, reaching its lowest level since...
Read More »U.S. job creation softens, but unemployment lowest in 16 years
