U.S. Jobs Growth Might Slow To This Level In June, Here’s The Major Macro Issues For Friday - Tesla (NASD

The Nasdaq 100 settled higher by more than 250 points on Thursday, with shares of Tesla, Inc. (NASDAQ:TSLA) gaining 5.5% in the previous session.

Below is a look at the major economic reports scheduled for release today.

US jobs report for June is scheduled for release at 8:30 a.m. ET. Analysts expect a 270,000 rise for nonfarm payrolls in June, compared with a better-than-expected 390,000 growth in May. Average hourly earnings are likely to increase 0.3% on the month, versus 0.3% gains in both May and April. The unemployment rate, however, is expected to remain unchanged at 3.6% in June.
New York Fed President John Williams is set to speak at 8:30 a.m. ET.
Data on wholesale inventories for May will be released at 10:00 a.m. ET. The second estimate of wholesale inventories for May is a build of 2%, unchanged versus the first estimate.
New York Fed President John Williams will speak at 11:00 a.m. ET.
The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
Data on consumer credit for May will be released at 3:00 p.m. ET. Analysts expect consumer credit increasing $31.9 billion in May, compared to a higher-than-expected $38.0 billion growth in the previous month.

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