5 things to start your day
It’s jobs day, no breakthrough on Mexico and China prepared for worsening trade war.
Today’s employment numbers are hotly anticipated after the surprisingly bad ADP data released on Wednesday showed May was the worst month for private companies adding workers since 2010. Economists are forecasting 175,000 new positions filled in the month, but there seems to be little agreement on what a large miss in either direction would mean for markets. The unemployment rate is projected to remain at a 49-year low of 3.6% while annual wage gains hold for a third month at 3.2% when the numbers are released at 8:30 a.m. Eastern Time.