US Jobs Report Is Set to Confirm a Steady Slowdown Underway
- Payrolls likely rose 180,000 in May per median survey estimate
- Unemployment, participation and wage growth all seen unchanged
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Forecasters expect the US employment report for May will add new evidence the labor market is gradually cooling, even as hiring rebounded compared to April.
The figures, to be published Friday by the Bureau of Labor Statistics, are expected to show employers boosted payrolls by 180,000 last month, according to the median estimate in a Bloomberg survey. Average hourly earnings likely advanced 3.9% over the last 12 months, which would match the rate in April when wage growth hit its slowest mark in almost three years.