金色财经|6月 05, 2026 04:14
**[Market Analysis: U.S. Nonfarm Payroll Growth in May Expected to Slow but Remain Robust]**
According to a report by Jinse Finance, on June 5, U.S. employment growth in May is expected to slow after two consecutive months of strong gains but will still align with a stable labor market. Economists predict that the highly anticipated employment report to be released by the Department of Labor on Friday will confirm that, despite the Middle East conflict driving up oil prices and fueling inflation, it has not yet had a substantial impact on the job market.
They noted that fiscal stimulus measures, reflected in the form of tax rebates and tariff refunds, have boosted corporate profits, enabling companies to avoid large-scale layoffs. A Reuters survey shows that economists expect nonfarm payrolls to increase by 85,000 in May, following a gain of 115,000 in April, with estimates ranging from 50,000 to 125,000. The expected growth for May remains above the year-to-date monthly average of 76,000.
Economists also believe that after the U.S. Bureau of Labor Statistics updated its "birth-death" model, which is used to estimate employment changes due to business openings or closures, there is limited room for significant revisions to historical employment data.
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