The Monster Employment Index for May was released today, and the index moved down 2 points to a value of 143, which is 7% higher than last May’s value.
At 8:30 AM EDT, the Employment Situation report for May will be announced, and the consensus for non-farm payrolls is an increase of 170,000 jobs compared to a gain of 244,000 in the previous month, the consensus for private payrolls is an increase of 180,000 jobs compared to a gain of 268,000 in the previous month, the consensus for the unemployment rate is that it will decrease 0.1 % to 8.9%, the consensus average hourly earnings rate is expected to increase 0.2%, and the consensus for the average workweek is 34.3 hours.
At 10:00 AM EDT, the ISM non-manufacturing index for May will be released. The consensus estimate is that increased by 1.2 points to a value of 54.0, and will continue to signal economic growth as it remains above the mid-point of 50.
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