Printer Friendly

Downside Risk Abounds for June U.S. Employment:.

Downside Risk Abounds for June U.S. Employment: analysts expect a 160k June nonfarm payroll rise, after the disappointing 75k increase in May. Analysts see a steady jobless rate alongside gains of 0.2% for hours-worked and 0.3% for hourly earnings. Our June estimate is just below the 164k year-to-date average, and well under the 223k average in 2018. Analysts see downside risks from initial claims as auto retooling begins, and producer sentiment indicators have shown a June pull-back as well. The vehicle sector should be a drag as well, as both the assembly rate and vehicle sales take back some of their May gains.

COPYRIGHT 2019 The Fly
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Fly
Date:Jul 2, 2019
Words:106
Previous Article:Fed funds futures are firmer.
Next Article:Zenabis enters supply agreement with Tilray's High Park Holdings.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters