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June Jobs Report Preview: Cooling Labor Market Trends May Further Bolster Rate Cut Hopes

6月の雇用動向のプレビュー:労働市場の傾向が冷静化することで、さらに利下げ期待が高まる可能性がある

Benzinga ·  07/03 11:56

The U.S. labor market doesn't appear as tight and hot as a couple of months ago, with the June'sEmployment Situationreportlikely to show an overall cooling trend from a very strong performance in May.

Slated for release Friday at 8:30 a.m. ET, the official jobs report from theBureau of Labor Statisticsis expected to reveal a decline in nonfarm payroll growth and a slowdown in earnings momentum.

On Tuesday, Fed ChairJerome Powellsuggested the labor market is "cooling off appropriately," and the Fed will monitor these developments, ready to act if conditions warrant.

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