Jobs Friday Preview: Nonfarm, Private Sector Figures Expected To Decline
May's employment data is expected to be released by the Bureau of Labor Statistics at 8:30 am EDT Friday morning.
The economist consensus is that 215,000 jobs were added to the economy in May, compared to 288,000 in April. The unemployment rate is expected to be 6.4 percent. 10,000 manufacturing jobs are expected to have been created in May and 210,000 jobs are expected to have come from the private sector.
Investors should also watch for revisions from the previous two months.
The ADP employment change, which serves as a proxy for nonfarm payrolls, was released Wednesday. The datapoint missed expectations by 14.8 percent making some investors worried about the strength of Friday's jobs report.
Average hourly earnings are expected to be 0.2 percent higher than April and two percent higher than the same period last year.
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