Friday, July 6, 2007

June employment number... strong

-June has seen another 132k workers added into the job market, higher than expected 125k -May employment number is revised up with another 75k jobs. -Jobless rates held at 4.5% for a 3rd month -still strong job growth is holding up consumer power, offseting the weakness in decline home values and risign gasoline prices. -concerns about higher inflation and fund rate hike increases -10y Treasury yield increased another 6 bps to 5.19%

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