- The June jobs report is due out at 8:30 a.m. ET on Friday.
- The numbers are expected to be pretty solid.
- Bank of America has estimated which numbers would “spook” the market.
The June jobs report is due out Friday morning, and by all accounts it is expected to be a pretty good report.
Economists surveyed by Bloomberg expect the US economy to have added 195,000 nonfarm jobs with the unemployment rate holding at 3.8%. Additionally, average hourly earnings are expected to have increased 0.3% month-over-month.
There are some numbers, however, that could “spook” the market, according to a note sent out to clients Thursday by Michael Hartnett’s team at Bank of America Merrill Lynch. Take a look:
- Payroll increases of fewer than 140,000
- Average hourly earnings growth of more than 0.4%
Stay tuned for the report, which is set to cross the wires at 8:30 a.m. ET.
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