US employment surprises, yields jump

05 July 2019

 

The US economy continues to produce more jobs despite being close to full employment. The unemployment rate has remained at or under 4% since April 2018 while annual increases in hourly pay have remained above 3% for nine consecutive months. This latest employment report has surprised observers who were expecting some sort of slowdown.  According to the US Bureau of Labor Statistics, the US economy created an additional 224,000 jobs...

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