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US Labor Market, Wage Growth, Kaplan Capitulates on Inflation
A little late here with some labor report highlights. It’s just not a good sign when it’s only Tuesday and you already feel as if you are falling behind for the week! If the broad outlines of this report hold going forward, the Fed will face a few interesting questions this year. The headline number revealed a strong payroll gain of 263k for April. The three-month moving average dipped due to the weak February report, but the twelve- month moving average remains above 200k. That’s the number to watch right now, and it doesn’t show signs of slowing.
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