What To Expect From Today's Jobs Report
Summary
The U.S. government will release its latest jobs report on Friday morning, showing how many jobs were added or lost in May and giving details about unemployment rates and wages. Experts expect fewer new jobs than in recent months, and the report will help show how strong the job market is amid challenges like higher fuel prices.Key Facts
- The jobs report will be released at 8:30 a.m. on Friday.
- It covers nonfarm payroll changes, unemployment rates, and earnings in May.
- April added 115,000 jobs, which was more than analysts expected.
- The national unemployment rate stayed at 4.3%, higher than the 4% rate when President Trump took office but lower than the recent 4.5% peak.
- Experts predict May added about 85,000 jobs, less than the recent average of 150,000 per month.
- Job openings rose to 7.6 million in April, the highest since May 2024.
- Layoffs increased by 16% in May but remain lower than last year when adjusted for federal cuts.
- The report’s results could affect Federal Reserve policies on interest rates due to inflation concerns.
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