Preview of June Employment Report

On Friday at 8:30 AM ET, the BLS will release the employment report for June. The consensus, according to Bloomberg , is for an increase of 180,000 non-farm payroll jobs in June (with a range of estimates between 135,000 to 233,000, and for the unemployment rate to increase to 4.8%. The BLS reported 38,000 jobs added in May. Verizon Strike Note : See my earlier post . The resolution of the strike will increase the NFP total by about 35,100 jobs in June. These jobs were lost in May, but are now back. Here is a summary of recent data: • The ADP employment report showed an increase of 172,000......(read more)

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