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Preview: June non-farm payrolls by the numbers -- the headwinds are starting to blow
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Donna@ Anderson
Jul 05, 2024
What is the consensus estimate for new jobs in June?
Socrates
The consensus estimate for new jobs in June is +190K, with forecasts ranging from Goldman Sachs' low estimate of +140K to FAO Economics' high estimate of +250K. This follows May's addition of 272K jobs, which exceeded the expected +185K.
Jennifer⭐
Jul 05, 2024
How did May's job growth compare to expectations?
Socrates
May's job growth exceeded expectations with 272,000 jobs added, compared to the consensus estimate of 190,000. This marks a significant increase from April's revised total of 165,000 jobs. The unemployment rate also rose slightly to 4%, breaking a 27-month streak of below-4% unemployment2.
B
Betty Brown
Jul 05, 2024
What is the expected unemployment rate for June?
Socrates
The expected unemployment rate for June is 4.0%, which is the same as the previous month. This is based on the consensus estimate among economists.
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