Pantheon Macroeconomics - We don't believe that payrolls rose only 138K in May. History strongly suggests that when the May payroll survey is conducted relatively early in the month, payroll growth falls short of the prior trend.

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5 June 2017 May Payrolls Hit by the Calendar, Expect a Rebound, and a Fed Hike

By Ian Shepherdson

We don't believe that payrolls rose only 138K in May. History strongly suggests that when the May payroll survey is conducted relatively early in the month, payroll growth falls short of the prior trend.

Posted: 4th Jun 2017 in 'U.S. Documents'

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