The US non-farm payroll jobs report is due on Friday, 2 June 2023 at 8.0am US Eastern time (1230 GMT).


The consensus:

us nfp may preview 02 June 2023

Morgan Stanley are looking for a below consensus headline:

We expect total nonfarm payrolls increased by 170k in May

  • an uptick in participation from 62.56% to 62.62%
  • should keep the unemployment rate at 3.4%

We expect average hourly earnings to increase by 0.3%M, holding the year-over-year rate at 4.4%.