The Labor Market’s Hot Streak Continues 6/2/23

from Power Lunch · host CNBC

Stocks are jumping today, as you add a new debt ceiling deal to a much better than expected jobs report.The economy added 339,000 jobs in May, the 29th straight month of positive job growth. While the unemployment rate rose to 3.7%.Wages rose too, though not as fast as expected. We’ll dig into what the strong labor market means for the Fed & stocks. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What this episode covers

Stocks are jumping today, as you add a new debt ceiling deal to a much better than expected jobs report. The economy added 339,000 jobs in May, the 29th straight month of positive job growth. While the unemployment rate rose to 3.7%. Wages rose too, though not as fast as expected. We’ll dig into what the strong labor market means for the Fed & stocks.

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The Labor Market’s Hot Streak Continues 6/2/23

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This episode was published on June 2, 2023.

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