Positive Signs Expected in June’s U.S. Jobs Data

Economists expect job creation in June to have been about the same as May but there are some anecdotal signs that it may have even been a bit better.

The consensus is for 215,000 nonfarm payrolls, off slightly from May’s 217,000, and an unchanged unemployment rate of 6.3 percent.

“I’d say 275,000. I think underlying jobs growth, subtracting for the ups and downs in the data is probably around 225,000, which is an improvement from what we’ve been getting for the past three years, and actually quite strong—twice the rate to maintain a stable rate of unemployment so unemployment should come down quickly,” said Mark Zandi, chief economist at Moody’s Analytics.


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