US Labour Market Turning The Corner

The US labour market has begun to recover, with May employment data significantly outperforming consensus estimates. This reacceleration is expected to challenge existing monetary policy assumptions and lead to higher interest rates.

Key Takeaways

• 1.The US labour market is showing signs of reacceleration with 172k jobs added in May, exceeding market expectations.
• 2.Stronger labour market demand is expected to put upward pressure on interest rates, challenging the current monetary policy outlook.

Table of Contents

• US LABOUR MARKET TURNING THE CORNER