Employment Situation
Tomorrow brings us four economic reports, one being the almighty monthly governmental Employment report. June’s Employment report will be released at 8:30 AM ET, giving us the U.S. unemployment rate, number of new payrolls added or lost and some earnings figures. These are considered to be extremely important employment sector readings that can have a huge impact on the financial markets. Analysts are expecting to see the unemployment rate held at May’s 4.2% and approximately 120,000 jobs added to the economy last month, while earnings rose 0.3%. A higher unemployment rate, fewer new jobs and a smaller increase in earnings would be considered favorable news for rates.