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Here’s what to expect from Friday’s big US jobs report
Investors will be looking to May’s nonfarm payrolls report for more clarity on whether the Federal Reserve can ease up in its battle against inflation. Economists surveyed by Dow Jones expect the Bureau of Labor Statistics to report that the U.S. economy added 190,000 more jobs on the month, which would be a slight step up from the 175,000 gain in April. Moreover, markets will be taking a close look at wage numbers, as average hourly earnings are expected to show a 0.3% increase, slightly higher on the month, putting the 12-month increase at 3.9%, or the same pace as the previous month, and an indication that the ... (full story)