Most forecasters expect June’s U.S. jobs report to show 110K new jobs (down from 139K in May), and a headline unemployment rate ticking up to 4.3% a sign of moderating labor demand. Continued jobless claims rose, while wages tracked at ~3.9% growth year-over-year.
Why it matters
A meaningful slowdown in job growth could prompt the Fed to consider cutting interest rates later in the year.
