Friday, June 7, 2019
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WHAT TO WATCH
The U.S. Bureau of Labor Statistics will deliver its May jobs report Friday morning. The latest assessment of the U.S. labor market comes against a backdrop of rising global trade tensions, some softening economic data and speculation that the Federal Reserve is teetering toward a cut to benchmark interest rates.
Consensus economists anticipate that the U.S. economy added 178,000 non-farm payrolls in May, based on Bloomberg-compiled data. Private payrolls are seen to have totaled 172,000. The unemployment rate is expected to have held at a 49-year low of 3.6%, and wages are estimated to have continued to grow at a 3.2% rate over last year.