Broken Record

The Credit Strategist Blog

Despite concerns about the impact of higher interest rates on the economy, the U.S. private sector continues to produce jobs at a very strong pace. This morning, we learned that U.S. private sector jobs surged by 497,000 in June, far ahead of the downwardly revised 267,000 figure for May and much higher than the Dow Jones consensus estimate of 220,000.

…