The Labor Market’s Hot Streak Continues 6/2/23

Stocks are jumping today, as you add a new debt ceiling deal to a much better than expected jobs report. The economy added 339,000 jobs in May, the 29th straight month of positive job growth. While the unemployment rate rose to 3.7%. Wages rose too, though not as fast as expected. We’ll dig into what the strong labor market means for the Fed & stocks.