The labor market may be rousing from its slumber.
Economists are expecting that the May jobs report, set to be released at 8:30 a.m. ET, will show that the US economy added 105,000 jobs and the unemployment rate held steady at 4.3%.
If the latest monthly total comes in as expected – and the prior months’ figures aren’t revised starkly lower – it would mark three consecutive months of 100,000-plus jobs added.
That kind of hat trick hasn’t been accomplished since the first three months of 2024.
While one month does not make a trend, three sure seem like a start: Job gains upward of 100,000 could indicate that the labor market is stabilizing.
