The US employment market added in 339,000 jobs against expectations of only 195,000. This once again shows a huge increase from where consensus is and clearly displays how much strength remains in the US economy which, depending on what side of the fence you are on is either good or bad news. Good news for the strength in the economy but bad news because a stronger economy is a greater signal that the economy can withstand more interest rate hikes. What investors focussed on was the unemployment number which rose more than expected to 3.7% with wage growth cooling slightly.
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UK grows in Q1 but only just
UK grows in Q1 but only just
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UK inflation remains hot and elevated
UK inflation remains hot and elevated