Reported 6 months ago
The May jobs report, expected to be released at 8:30 a.m. ET on Friday, is anticipated to reveal a rise of 185,000 nonfarm payrolls in May with an unchanged unemployment rate of 3.9%. Wall Street is closely watching key figures like average hourly earnings and average weekly hours worked, as soft economic data has spurred speculation of a Federal Reserve interest rate cut in September. Economists believe the report will show a balanced labor market with easing hiring pressures, potentially impacting the Fed's inflation outlook.
Source: YAHOO