US jobs numbers due Friday – Non-farm payrolls preview | Forexlive

The data is due at 230 GMT, which is 0830 US Eastern time.

Snippet via Bank of America:

• The May employment report is
  likely to show a healthy but better-balanced labor market.
• Nonfarm
  payrolls likely rose by 200k, a 25k increase from April.
• Strong
  hiring is likely to result in the unemployment rate edging down a
  tenth to 3.8%. and wage growth would likely remain at 3.9% yoy.
• In
  short, the report should signal strong labor demand and little
  concern of an economic slowdown, in our view.

More broadly:

• We think strong employment growth in laggard industries can persist this year, albeit to a lesser extent.
• We expect payrolls to increase by around 170k per month in 2024.
• Job growth should then slow to an average of 100k in 2025.
• We also expect the participation rate to be rangebound at 62.6-62_7% across our forecast horizon. As a result. we only see a small and gradual increase in the unemployment rate, with a peak of 4.1% in 4Q 2025