Payrolls and service sector activity both rebounded in June after showing weakness during May.
Weak Jobs Report Clarifies Fed’s Likely June Path: What We Learned During the Week of May 30 – June 3
May was the worst month for job creation since the summer of 2010. Meanwhile, consumers were spending their increased disposable income.
Job Creation and Consumer Goods Imports Both Slow: What We Learned During the Week of May 2 – 6
April was the slowest month in 2016 for job creation while the trade deficit shrinks in the face of weakness in consumer goods imports.
