What's moving markets today: Live updates - CNN

America's booming labor market may have nowhere to go but down.

The latest jobs report, which will be published at 8:30 a.m. ET, is expected to show that US payroll growth decelerated to 185,000 jobs in May, according to a Refinitiv survey of economists. That would mark a slowdown from April's surge of 263,000.

However, adding that many jobs would still represent very healthy growth, especially given that unemployment is sitting at a 49-year low of 3.6%. Wages gains are expected to be flat, at about 3.2% over the previous year.

A clean bill of health for the labor market could ease Wall Street's concerns about slowing economic growth.

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https://www.cnn.com/business/live-news/stock-market-news-today-060719/index.html

2019-06-07 13:05:00Z
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