July 08, 2022 - 12:57 PM 250 views
Societe Generale analysts give a preview of what to anticipate from the US labour market report that will be released at 12:30 GMT on Friday.
“As more unemployed people have found employment and the unemployment rate has fallen far below 4 percent, employment gains are slowing, which is to be expected.”
"However, we see a gain of roughly 300K jobs in a month as strong employment."
"The job markets continue to recover and increase in the delivery, food service, and healthcare industries."
"We anticipate a very quick decline in the unemployment rate to 3.5 percent for June."
"One pro-growth factor that can hold the unemployment rate stable and prevent a fall, even when the economy is robust, is a rising labour force participation rate (more individuals entering the labour market). Later, as firms' need for labour declines, the unemployment rate stabilises or starts to increase due to reduced job gains.
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