This just in: CEO Chris Shuba in Financial Planning

Read the highlights of this week’s commentary from Helios:

May’s jobs report showed 390K new jobs, above the 318K that was expected, and kept the unemployment rate steady at 3.6% among a slight uptick in the labor participation rate. The new jobs were robust in services and goods producing industries, though retail lost jobs over the month. However, while the overall report is showing the labor market continues to expand, there was a notable uptick in people working part-time for economic reasons rose by 349K.

Wages continue to grow, though at slower rates, with average hourly earnings rising 5.2% year-over-year in May, down from 5.6% in March and 5.5% in April.

Following the jobs reports solidified further Fed moves, the market sold off on Friday with the S&P 500 declining over 1.6% in a good news is bad news and bad news is good news day of trading.

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