Heading into tomorrow’s Non Farm Payrolls (NFP) report for June, economists are expecting an increase in payrolls of 180K, which would be a big increase from last month’s extremely disappointing level of 38K.  In the private sector, economists are expecting an increase of 170K, which would be a similar improvement to what economists are forecasting for the overall NFP reading.  The unemployment rate is forecasted to increase back up to 4.8% from 4.7% last month.  Growth in average hourly earnings is expected to remain unchanged at 0.2%, while hours worked is forecast to remain unchanged at 34.4.  May’s employment report was a big disappointment for the market and economists, but economists are generally considering it to be a one month blip.


In a report sent to Bespoke Premium and Bespoke Institutional clients today, we provided the historical performance of the S&P 500, sectors, individual stocks on the day of NFP reports over the last two years.  To see the report, please sign up for a monthly Bespoke Premium membership below!

See the full B.I.G. Tips report by signing up for a monthly Bespoke Premium membership now.  Click this link for a 10% discount ($89/month).

Print Friendly, PDF & Email