Reported about 1 year ago
The June jobs report from the Bureau of Labor Statistics is expected to show that the US labor market is slowing down, with nonfarm payrolls predicted to rise by 190,000 in May while the unemployment rate remains steady at 4%. Economists believe the report will indicate a labor market that is 'cooling but not cool.' This comes as investors are already pricing in two interest rate cuts this year amidst softer economic data, and recent reports show signs of a slowdown in job growth and rising unemployment claims.
Source: YAHOO