Core Viewpoint - The upcoming release of adjusted non-farm payroll data and unemployment rates for May in the United States, along with average hourly earnings on a monthly and yearly basis, is anticipated to provide insights into the labor market dynamics and economic health [1] Group 1 - The U.S. non-farm payroll data for May is expected to be released shortly, which will include adjustments that could impact market perceptions [1] - The unemployment rate for May will also be disclosed, offering a critical indicator of employment trends [1] - Average hourly earnings data, both on a monthly and yearly basis, will be published, which is essential for understanding wage growth and inflationary pressures [1] Group 2 - Canada’s employment figures for May are set to be announced, which will provide additional context for North American labor market conditions [1]

Economic Data and Events - Key economic data and events to focus on include speeches from Federal Reserve officials regarding economic outlook and banking policies [1] - Germany's industrial production and trade balance for April will be released, along with the Halifax house price index for the UK [1] - France's industrial production and trade balance for April are also scheduled for release [1] - Eurozone's first quarter GDP year-on-year revision and employment figures will be published [1] - Retail sales data for April in the Eurozone will be reported [1] - Canada and the US will release employment figures for May, including unemployment rate and non-farm payroll data [1] - The total number of oil rigs in the US will be updated for the week ending June 6 [1]

Group 1 - The U.S. non-farm payrolls increased by 177,000 in April, exceeding the expectation of 138,000 and down from the previous value of 228,000 [1]

Group 1 - The U.S. non-farm payrolls and unemployment rate for April, along with average hourly earnings month-over-month and year-over-year, are set to be released shortly [1]

Economic Data and Events Summary - Key economic data to be released on May 2, 2025, includes Japan's unemployment rate for March, which is crucial for assessing the labor market conditions in Japan [1] - Final manufacturing PMI values for April will be published for France, Germany, and the Eurozone, providing insights into the manufacturing sector's performance in these regions [1] - The Eurozone will also release preliminary CPI figures for April, both year-on-year and month-on-month, which are important for understanding inflation trends [1] - The unemployment rate for the Eurozone in March will be reported, offering a snapshot of employment conditions in the region [1] - In the United States, key labor market indicators for April will be released, including the unemployment rate, seasonally adjusted non-farm payrolls, and average hourly earnings both year-on-year and month-on-month, which are critical for evaluating economic health [1] - Additionally, the U.S. factory orders month-on-month for March will be reported, which can indicate manufacturing demand and economic activity [1] - The total number of oil rigs in operation in the U.S. as of the week ending May 2 will also be released, providing insights into the energy sector's activity [1]