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Jun 2023

1m 50s

Economy adds 339,000 jobs in May - Closi...

About this episode

Stocks rise sharply; average pay rises; unemployment rate ticks up; President Biden to sign debt ceiling bill

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There’s a bit less sizzle in the labor market

The Labor Department said today that 206,000 new jobs were created in June and the May jobs number was revised down; wages rose 0.3% last month; stocks, bonds and the British pound all rose today after the Labour Party’s resounding victory; Saks Fifth Avenue is buying Neiman Marc ... Show More

Fed to wait and see on inflation

Markets hit new highs; Fed minutes show a wait and see approach to rate cuts; Labor market shows more signs of slowing; Skydance-Paramount deal back on.

Lower travel costs mean we’ll be doing more of it this Fourth of July

A record 71 million expected to travel during holiday period, AAA forecasts; continuing claims continue to climb; trade deficit widened in May; auto sales were sluggish in May.

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