June Employment Report

by: Bespoke Investment Group

Ahead of Friday’s June Non-Farm Payrolls report (NFP), we have updated our monthly look at market trends in reaction to the report. Once again this month we have narrowed our range to the last two years.

Heading into tomorrow’s report, economists are expecting an increase in payrolls of 165K, which would be a decline of 10K from last month. In the private sector, economists are expecting a gain of 175K jobs, which would mark a small decrease from last month’s reading of 178K. Even though economists are forecasting slight declines in the rate of job growth, the unemployment rate is forecast to decline to 7.5%...