Loading ...Economists are forecasting a cooling labor market, with expectations that the U.S. economy added 115,000 jobs in June and that the unemployment rate remained at 4.3%. A result in line with these projections is generally viewed as “good” for maintaining economic balance, though a
(weaker report could actually boost chances of a Federal Reserve interest rate cut. )
The Bureau of Labor Statistics (BLS) will release the June jobs report at 8:30 a.m. ET. Expectations for the data are mixed based on early indicators: [1]
- Slowing Hiring: The expected gain of 115,000 jobs is down from the 172,000 additions recorded in May. [1]
- Mixed Indicators: While job openings in May showed resilience and layoffs have trended lower, private employer hiring from the ADP report has missed expectations. [1]
- Market Sentiment: For investors, a softer labor report could be seen as “good” because it might encourage the Federal Reserve to cut interest rates, which recently pushed stock futures higher on expectations.