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Credit Suisse economists note the...>

US DATA PREVIEW
US DATA PREVIEW: Credit Suisse economists note the strong start to payrolls has
moderated the last couple months and is "likely to continue" to do so. CS
expects "headline payrolls to come in at 170K for May," while the "unemployment
rate fell sharply in April to 3.9% and we expect it can maintain this low level
in May. Average hourly earnings are likely to rise 0.2% MoM, leaving the YoY
growth rate unchanged at 2.6%."

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