June US jobs report: Sigh of relief

Russel Investments’ investment strategist Paul Eitelman discusses the strong US jobs report, coming in above expectations with 287,000 new jobs created in June. While the strong number was a good sign, he recommends investors focus on the three-month average of job growth which his currently coming in around 150,000 – a healthy pace and still enough to reduce the unemployment rate gradually over time.

 

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