While you were sleeping: US jobs, manufacturing lift

Thu, 01 Jun 2017

By Margreet Dietz June 2 (BusinessDesk) - Wall Street climbed to record highs as the latest US jobs and manufacturing data bolstered expectations that the pace of economic growth will justify a Federal Reserve interest rate increase this month. The US dollar strengthened while Treasuries slid. An ADP report showed US companies added 253,000 workers to payrolls in May, more than the 185,000 economists had expected. “Job growth is rip-roaring,” Mark Zandi, chief economist at Moody’s Analytics, said in a statement, according to Bloombe...

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