HERE COMES THE JOBS REPORT...
Jun 6, 2014, 17:26 IST
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Expectations are for nonfarm payrolls to grow by 215,000 in May, with the unemployment rate ticking up to 6.4%.
Expectations are for private payrolls to grow by 210,000.
Last month, nonfarm payrolls grew by 288,000, and the unemployment rate fell to 6.3% from 6.7%.
The latest jobs report comes on the heels of unprecedented action from the ECB yesterday, which took interest rates into negative territory.
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The economy is also on the cusp of achieving the total employment rate reached in early 2008. The economy needs to add just 113,000 jobs to reach January 2008's record nonfarm payrolls total of 138,365,000.
More to come...