The headline for the June NFP is at median consensus of +160K, after the previous in May at +75K.
for the unemployment rate
- expected 3.6%, prior 3.6%
Average hourly earnings
- expected 0.3% m/m, prior 0.2%
- expected 3.2%, prior 3.1%
Average weekly hours worked expected unchanged on the month at 34.4
Earlier previews are here:
- US nonfarm payroll due Friday - preview
- Goldman Sachs preview of the US nonfarm payroll report due Friday
- US June non-farm payrolls preview - TD Securities
This now via Westpac from a Friday note, in brief:
- anticipated to bounce back after a soft read in May (+75k in the month and the previous level revised down by 75k). Consensus for Jun is for a 160k increase in employment with the unemployment rate holding at 3.6%.
- The trend lower in average hourly earnings is seen to stabilise, edging up to 3.2%yr from 3.1%yr in May
