Weekly Market Commentary - 6.6.22

ECONOMIC REVIEW1 • The labor market had another strong month of hiring as non-farm payrolls increased above economists’ expectations. o Actual payrolls increased by 390,000 compared to the estimate of 318,000. • Wages rose, though slightly below expectations for the month of May. Wages increased by 0.3% compared to the 0.4% expectation. o Wages are up 5.2% since this time last year. Read Article