May BLS: Large NFP Beat; TPR ~Flat M/M, Y/Y Temp Declines Continue to Moderate

Research evidence excerpt

May BLS: Large NFP Beat; TPR ~Flat M/M, Y/Y Temp Declines Continue to Moderate

~ Research distribution and approval times are provided on the cover of each report. Times are approximations as system and distribution

processes are not exact and can vary based on the sender and recipients’ services. Unless otherwise noted, times are Eastern Standard and

when two times are provided, the approval time precedes the distribution time.

For recommendations disseminated during the preceding 12-month period, please visit: https://research.bmo.com/public/disclosure_statements.

For current ESG related material, please visit: https://research.bmo.com/esg/esg.

General Disclaimer

"BMO Capital Markets" is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Bank N.A.

(member FDIC), Bank of Montreal Europe p.l.c, and Bank of Montreal (China) Co. Ltd, the institutional broker dealer business of BMO Capital

Markets Corp. (Member FINRA and SIPC) and the agency broker dealer business of Clearpool Execution Services, LLC (Member FINRA and SIPC)

in the U.S., and the institutional broker dealer businesses of BMO Nesbitt Burns Inc. (Member Canadian Investment Regulatory Organization and

Member Canadian Investor Protection Fund) in Canada and Asia, Bank of Montreal Europe p.l.c. (authorised and regulated by the Central Bank

of Ireland) in Europe and BMO Capital Markets Limited (authorised and regulated by the Financial Conduct Authority) in the UK and Australia.

Bank of Montreal or its subsidiaries ("BMO Financial Group") has lending arrangements with, or provide other remunerated services to, many

issuers covered by BMO Capital Markets. The opinions, estimates and projections contained in this report are those of BMO Capital Markets as