Thursday, June 04, 2015

Friday: Jobs, Jobs, Jobs

by Bill McBride on 6/04/2015 08:00:00 PM

Here is the employment preview I posted earlier: Preview: Employment Report for May

And some comments on various employment indicators: Public and Private Employment Data

Goldman Sachs is forecasting 210,000 jobs added, and for the unemployment rate to be unchanged at 5.4%.

Merrill Lynch is forecasting 220,000 jobs added in May, and the unemployment rate at 5.4%, and 0.3% mom increase hourly earnings

Nomura is forecasting 190,000 jobs, a 0.28% increase in wages mom, and a 5.4% unemployment rate.

Friday:
• At 8:30 AM ET, the Employment Report for May. The consensus is for an increase of 220,000 non-farm payroll jobs added in May, up from the 213,000 non-farm payroll jobs added in April. The consensus is for the unemployment rate be unchanged at 5.4%.

• At 3:00 PM, Consumer Credit for April from the Federal Reserve. The consensus is for an increase of $16.0 billion in credit.