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US June Jobs Report Expected to Show Weakening Growth
Economists forecast the June jobs report to show slowing job growth and a slight rise in the unemployment rate as uncertainty over the effects of tariffs and immigration policy hangs over the US economy. Nonfarm payrolls (a primary measure of the labor market) are estimated to have risen by 115,000 in June, down from 139,000 in May, according to consensus estimates by FactSet. The unemployment rate is predicted to have risen to 4.3% from 4.2% in May. “We see things slowing, but we don’t see cause for alarm,” says David Rogal, managing director of global fixed income at BlackRock and lead portfolio manager on ... (full story)
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