referring to The rush of reports comes ahead of the most important data this week: the May employment report on Friday. The batch of data is important since second quarter data has been spotty, even though economists still expect a 3 percent growth rate. A diverse group of economic reports on jobs, car sales and manufacturing activity should provide a fairly rounded out picture of the economy in May. The report is expected to show 185,000 jobs added in May. There are a number of earnings reports due, including Dollar General, Express, Ciena and Mobileye ahead of the opening bell.
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Friday jobs report points to economic slowdown-commentary
The unemployment rates dropped for the wrong reasons … more people exiting the workforce. The number of jobs added to the economy was fewer than expected. Friday's jobs report had nothing for everybody! The bond market has taken note and 10-year Treasury yields, and the value of the U.S. dollar, are both sliding. The wage data were softer than expected.
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collected by :John Miller