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Jobs report expected to point to better hiring — and increased interest rates

From marketwatch.com

A fresh pile of evidence this week is certain to show the U.S. economy is still strong and that it’s a great time to find a job. But what that really means is the cost of borrowing for consumers and businesses is going up again soon. Most of the attention on Wall Street will focus as usual on the increase in employment and how fast worker pay is rising. Economists predict the U.S. likely added nearly 200,000 new jobs in May, keeping the unemployment rate a hair below 4%. The yearly growth in worker pay is likely to stick near the current pace of 2.6%. If the employment report for May, released Friday, is as good as ... (full story)

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  • Category: Fundamental Analysis