Heterodox
May jobs report: Like the past few months, I was most interested in three main issues: 1. Is the pace of job growth decelerating? (Yes, but it is still very strong by historical standards) 2. Is wage growth holding up? Is it accelerating? (It is still strong, but decelerated again slightly) 3. Are the leading indicators in the report beginning to flag? (Not yet) We still have 822,000 jobs, or 0.5% of the total to go to equal the...
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