The firm is looking for a print of 150k tomorrow
This of course comes after the soft touch seen in the May report where non-farm payrolls printed 75k only. Analysts at TD Securities expect a rebound to 150k in June citing that:
"We expect job creation in the manufacturing sector to stay subdued, remaining in the single-digit range for a third consecutive month. This should keep employment in the goods sector soft despite our anticipation for some minor improvement in construction sector jobs. Separately, the household survey should show the unemployment rate remaining steady at 3.6%, while wages are expected to rise 0.3% m/m on the back of a favorable reference week. The latter should bring the annual print up a tenth to 3.2% in June."
Eamonn also posted up another preview earlier on by Scotiabank here for those interested. We'll have more to come in the coming sessions before the report so stay tuned!
