Economist: Here's Why Average Hourly Earnings Will Pick Up

Welcome to the June 3rd edition of This Week on Estimize - Economics.

Once again, the team is joined by the Chief Economist of McGladrey, Joe Brusuelas.

In this episode Leigh and Joe discuss the potential of a minimum wage increase, how retail sales no longer fully represent activity in the discretionary market, Q2 GDP expectations, and end with a conversation on the tightening of the labor market and what's expected from the May jobs report on Friday.

Further reading: What To Expect From Tomorrow's Jobs Report