The May Employment Report May Move Markets (6/1/23)

(6/1/23) The Employment Report has had an amazing string of "beats" by a large margin, and for a protracted period of time, so tomorrow's employment numbers for May could have significant impact on the Fed's forward plans and the markets' mood. The anomaly has been how employment has remained strong despite Fed efforts to tame the economy. There IS slowing on the Manufacturing side of the economy, but not so in the Services sector, which comprises 80% of the economy, and represents the lower-end of wage earners. Yesterday's JOLTS report was strong, suggesting tomorrow's Labor Dept. report will also exceed expectations, confounding the Fed's efforts to bring down inflation by slowing the economy. "Sticky" Inflation remains higher than the Fed would prefer, and is not on a trajectory to weaken anytime soon. Fed futures are betting on more rate hikes in coming months. Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton --------  Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel:  https://www.youtube.com/watch?v=DZyByuuLtlI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #EmploymentReport #JOLTS #LaborDepartment #Inflation #FederalReserve #InterestRates #Money #Investing