BANK OF AMERICA: Here's the jobs report numbers that would 'spook' the market

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  • 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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