C&W Research: May Employment Report – Above the Trend

New PictureThe U.S. economy added 280,000 jobs in May, continuing the bounce back from the first quarter slowdown. Since the end of 2014, the economy has added 1.1 million jobs.

Importantly, there are signs of emerging shortages of workers which are starting to put upward pressure on wages. Faster wage growth is expected be an important contributor to economic growth in 2015.

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