Recession fears flare and June jobs report looms as jittery markets head into third quarter

(CNBC) Investors are greeting the third quarter with greater trepidation about a recession, and that makes next Friday’s June jobs report a potentially bigger catalyst for markets than it might otherwise have been.The jobs report and Wednesday’s release of minutes from the Federal Reserve’s last interest rate meeting are expected to highlight the four-day, post-holiday week. June’s nonfarm payrolls are expected to have slowed from the 390,000 added in May, but still show solid job growth and a strong labor market. According to Dow Jones, economists expect 250,000 payrolls were added in June and the unemployment rate held steady at 3.6%.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.