Non-farm payroll preview - Morgan Stanley looking for +170K, 3.4% jobless rateThe US non-farm payroll jobs report is due on Friday, 2 June 2023 at 8.0am US Eastern time (1230 GMT).
Earlier:
The consensus:
Morgan Stanley are looking for a below consensus headline:
We expect total nonfarm payrolls increased by 170k in May
- an uptick in participation from 62.56% to 62.62%
- should keep the unemployment rate at 3.4%
We expect average hourly earnings to increase by 0.3%M, holding the year-over-year rate at 4.4%.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Non-farm payroll preview - Morgan Stanley looking for +170K, 3.4% jobless rate (https://www.forexlive.com/news/non-farm-payrill-preview-morgan-stanley-looking-for-170k-34-jobless-rate-20230601/)
forexlive.com