Friday’s Employment data was a bit puzzling to say the least. While the economy created 160,000 jobs, it was the weakest growth since Sept of last year and the labor force participation rate fell from 63% to 62.8%.
But year over year wage growth increased from 2.3% to 2.5%, the 4th best reading since Oct 2009, the number of long-term unemployed fell to its 2nd best level since Sept of 2008, and the average workweek increased.
A June rate hike remains a faint possibility.
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