Market Expecting +165K in today’s NFP

It’s jobs week in America.

And the stakes are much higher than usual.

At 8:30 a.m. ET on Friday, the Bureau of Labor Statistics will publish the June employment situation report, aka the jobs report.

The expectations:

Nonfarm payrolls: +165k
(May +175k)

Private payrolls: +175k
(May +178k)

Unemployment rate: 7.5%
(May 7.6%)

While most people are hoping for good news out of the jobs report, economists and market experts seem to be in consensus that they want a “goldilocks” outcome. In other words, they want a good report, but not one that’s so good that it would encourage the Fed to pull the plug on any of its stimulus programs.

Business Insider

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