May Jobs Data to Influence Rate Cut Expectations

We enter a new Jobs Week rather quietly. By the end of Friday, we'll have seen new JOLTS numbers, the ADP private-sector jobs report, Weekly Jobless Claims and the full Employment Situation report for the month of May. You'll recall that April posted the second-fewest job gains of the past year, at 175K, which followed the single-highest month for the domestic labor force, at 315K. Friday's tally might give us a better idea of which way jobs are really headed. Many analysts see downside risk here. As we con ...