Looking Ahead to U.S. Jobs Data

It’s going to be Payrolls Thursday this time, instead of the usual Payrolls Friday, because July 3 will be a holiday in observance of Independence Day. The Labor Department will release the U.S. jobs report for June at 8:30 a.m. in Washington.

Payrolls rose by 233,000 last month, according to the median forecast of economists surveyed by Bloomberg. Employers added 280,000 workers in May.  The jobless rate, derived from a separate survey of households, fell to 5.4 percent, matching the lowest since 2008, economists projected. Here’s what else to watch for in the figures:

Wages will get top billing as they finally show signs of firming, eliminating a remaining weak spot of the job-market rebound, according to economists at Jefferies LLC and Moody’s Analytics Inc.

Bloomberg

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