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Are we sleepwalking into World War III?
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United States U6 Underemployment Rate up to 8.1% in May from previous -8%
United States U6 Underemployment Rate up to 8.1% in May from previous -8%
United States Unemployment Rate meets expectations (4.3%) in May
United States Unemployment Rate meets expectations (4.3%) in May
United States U6 Underemployment Rate rose from previous -8% to 52% in May
United States U6 Underemployment Rate rose from previous -8% to 52% in May
United States Average Weekly Hours in line with expectations (34.3) in May
United States Average Weekly Hours in line with expectations (34.3) in May
United States Labor Force Participation Rate remains at 61.8% in May
United States Labor Force Participation Rate remains at 61.8% in May
United States Average Hourly Earnings (YoY) meets expectations (3.4%) in May
United States Average Hourly Earnings (YoY) meets expectations (3.4%) in May
United States Nonfarm Payrolls registered at 172K above expectations (85K) in May
United States Nonfarm Payrolls registered at 172K above expectations (85K) in May
United States Average Hourly Earnings (MoM) in line with expectations (0.3%) in May
United States Average Hourly Earnings (MoM) in line with expectations (0.3%) in May
Canada Participation Rate below expectations (65.1%) in May: Actual (65%)
Canada Participation Rate below expectations (65.1%) in May: Actual (65%)
Canada Unemployment Rate below expectations (6.9%) in May: Actual (6.6%)
Canada Unemployment Rate below expectations (6.9%) in May: Actual (6.6%)
Canada Net Change in Employment above forecasts (10K) in May: Actual (87.8K)
Canada Net Change in Employment above forecasts (10K) in May: Actual (87.8K)
US Dollar: Structural headwinds seen after recent strength – Nordea
Nordea’s Kristian Nummelin notes that strong US data and higher energy prices have recently supported the Dollar, as payrolls, ISM indices and JOLTS all point to a resilient US economy.