The expected June nonfarm payroll addition is 188,000 jobs, according to data from Bloomberg. This would show further cooling in the job market, as the May report showed an addition of 272,000 jobs.
The June Jobs report is expected to show a further cooling in the job market, with 188,000 nonfarm payroll jobs added to the US economy and unemployment holding steady at 4%. This would continue to demonstrate a labor market that is "cooling but not cool," according to Bank of America US economist Michael Gapen.
Only two sectors have outperformed the S&P 500 this year: Communications Services and Information Technology. Both are up more than 18% compared to the S&P 500's roughly 15% gain.