May Employment Preview

The report projects a steady US labor market in May with NFP rising by 80k and unemployment remaining at 4.3%. These figures suggest stabilization, signaling that the Fed is likely to maintain an extended hold on policy rates.

Key Takeaways

• 1.NFP is projected to rise by +80k in May, marking a return to consecutive positive prints.
• 2.The US unemployment rate is expected to hold steady at 4.3%.
• 3.Average hourly earnings growth is expected to slow to 3.4% YoY, cooling inflation concerns.

Table of Contents

• May employment preview: another solid month?
• Macro Research advanced tools
• Red Mount Analytics
• Global Markets Research contact details

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