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US jobs report: Payrolls expected to show further growth in May, with unemployment holding steady
The government’s closely watched jobs report comes out Friday at 8:30 a.m. ET, capping off a week that has already offered some signs of stability in the labor market. Payrolls are expected to have grown by 85,000 in May, while the unemployment rate is seen remaining flat at 4.3%, according to estimates from economists surveyed by Bloomberg. If their prediction holds, the US will have added positions for three consecutive months, a feat the job market hasn’t managed since it began whipsawing last summer. Data on private payroll growth from ADP already showed some strength for May: Private employers added 122,000 ... (full story)
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