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May Employment Report Points to Solid Labor Market

Key Data ISM (NonManufacturing): -0.6 point; Orders: -5.5 points; Hiring: +6.4 points/ Employment Trends: +0.7%; Productivity: 0% (up from -0.6%) IN A NUTSHELL: “The economy is neither accelerating nor slowing, but the labor market is looking up.” WHAT IT MEANS: The...

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