Is Economic Growth Sustainable
The U.S. unemployment rate dropped to 3.8% in May, as low as it’s been since 2000, and the economy added 223,000 new jobs, more than the 190,000 expected.
Here’s a one-minute wealth professional report.
Manufacturing is booming and the outlook immediately ahead is bright.
The manufacturing purchasing managers index has in the past dropped below 50 right before a recession hits.
While May’s reading of 58.7 was lower than recent record-highs, the latest numbers are strong — nowhere near signaling a slowdown.
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