Pete Wargent blogspot

PERSONAL COACH | PROPERTY BUYER | ANALYST

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Saturday, 2 June 2018

Wicked leaks (US unemployment drops to 18-year low)

Trump leaks payrolls

Trump implied on social media that the jobs markets would be strong sending currency traders into a spin.


And - surprise! - they were good numbers.

Employment increased +223,000 in May, in doing so racking up a record 92nd consecutive month of gains. 

The 3-month average gains were a solid enough +179,000. 


The unemployment rate fell to the equal lowest level since 1969 at just 3.8 per cent.


And the annual growth in average hourly earnings resumed its upwards trend at +2.7 per cent (the blip related to hurricanes).


Tightening to continue; insider trading case to be investigated, I'm sure.

Makes you wonder what else is being leaked, hey.