Economics Group
Weekly Economic & Financial Commentary
U.S. Review
No Spring Swoon Going into June
- Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.
- The factory sector continues to make improvements with the ISM manufacturing index rising in May and factory orders picking up in April.
- The trade deficit widened in April and could be a negative to second quarter growth if the trend persists.
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Wells Fargo Weekly Economic & Financial Commentary – June 6, 2014
Tags: economy
