All articles tagged with #june jobs report
Goldman Sachs estimates World Cup-related activity could add about 40,000 jobs to June’s payrolls, nudging total nonfarm payroll growth to roughly 140,000 and above the 115,000 consensus, with the boost concentrated in leisure/hospitality, professional services, and trade/transport; Homebase data also show hospitality hiring rising while World Cup hosting cities lag year over year.
The June jobs report is expected to show a slowdown in the labor market, with nonfarm payrolls projected to rise by 225,000 and the unemployment rate to decrease to 3.6%. Investors are increasingly betting on an interest rate hike at the Federal Reserve's next meeting in July. Recent economic data, including the ADP Employment Report and the Job Openings and Labor Turnover Survey, suggest a tight labor market. A strong jobs report could impact the Fed's rate hike path.