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Friday’s US jobs report expected to show slowing payroll gains as concern rises about broader economy
With signs building that the labor market is at least slowing if not something worse, the June nonfarm payrolls report takes on added significance. Payroll gains so far in 2024 have totaled 1.24 million, down about 50,000 a month below the same period a year ago. Economists surveyed by Dow Jones expect the report, to be released Friday at 8:30 a.m. ET, to show growth of 200,000, down from the 272,000 reported for May. In historical terms, the pace of job gains is still solid. But there are signs bubbling underneath that conditions could be getting softer and possibly pointing at broader economic weakness down the ... (full story)
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The Fool
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"If The Fool persists in his Folly he will become wise." - William Blake
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axecap
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its all just one persons opinion....
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