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.
…
Keep reading with a 7-day free trial
Subscribe to
The Credit Strategist
to keep reading this post and get 7 days of free access to the full post archives.