Economics
Jobs Report in U.S. to Get Extra Scrutiny in Post-Brexit World
- Payroll growth projected to rebound; jobless rate may climb
- Remember to subtract about 35,000 returning Verizon strikers
Will Jobs Report Validate Continued Strong Job Market?
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Economists tend to shy away from attaching too much significance to any one piece of data. But in this environment, with this jobs report, hyper-scrutiny may be warranted.
When hiring in May eked out its weakest gain in more than five years, the shock was enough to cement the Federal Reserve’s decision to hold off on raising interest rates. Then came Brexit -- the U.K.’s surprise vote to withdraw from the European Union -- and global economic anxieties were unleashed.