Nonfarm payrolls were expected to increase by 240,000 and the unemployment rate to fall to 3.6% in June.
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Payrolls report Friday likely to show a jobs market that is still hot
The consensus estimate is that payrolls rose by another 240,000 in June and the unemployment rate is projected to nudge lower to 3.6%.
The job market is still favorable for workers. ‘You’re in a lucky position,’ economist says
Federal and private job data issued Thursday suggests the labor market has remained resilient in the face of economic headwinds.
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Job openings fall by half a million
The closely watched JOLTS report showed that listings fell to 9.82 million, down 496,000 from April.
Private sector companies added 497,000 jobs in June, more than double expectations, ADP says
The U.S. labor market showed no signs of letting up in June, as companies created far more jobs than expected.
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