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Non-farm payrolls rose by 1.763 million vs. the consensus view of 1.5 million. Private sector jobs rose by 1.462 million vs. the 1.2 million estimate. Prior month revisions were ...

May’s jobs data is released at 8:30.  Analysts are expecting a 4.9% unemployment rate, a 160k and 150k increase in nonfarm and private sector payrolls, respectively, a 0.2% increase in average hourly earnings, a 34.5 hour work week and a 62.8% labor participation rate....

I have opined several times growth may be stronger than most expect, further stating wage pressures may begin to surface. I have also written a gazillion times about today’s frightening velocity of change, recently referencing Fed policy during the summer 2008 and making a possible...