SPY News: May jobs report expected to show more signs of cooling labor market - 7th Jun 2024, 2:49am

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The May jobs report is expected to show further signs of cooling in the labor market.

The monthly report from the Bureau of Labor Statistics, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 185,000 in May while the unemployment rate remained flat at 3.9% from the previous month, according to consensus estimates compiled by Bloomberg. In April, the US economy added 175,000 jobs, while the unemployment rate unexpectedly rose to 3.9%.

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