Fri., July 6, 2012 7:15am (EDT)

After May's 'Lousy' News, Will June's Jobs Report Be Much Better?
By Mark Memmott
Updated: 2 years ago

The line at a job fair in New York City last month.
The line at a job fair in New York City last month.
"Horrid. Lousy. Awful."

That's how our post began last month when we reported about the May jobs report from the Bureau of Labor Statistics which showed just 69,000 net jobs added to public and private payrolls and an unemployment rate that ticked up to 8.2 percent from April's 8.1 percent.

This morning at 8:30 a.m. ET, BLS is due to tell us about the employment picture in June. On Morning Edition, NPR's Chris Arnold said economists expect BLS will say there were about 90,000 jobs added to payrolls last month "tepid job growth," he added. There likely weren't enough new jobs to bring down the jobless rate, economists say.

Indeed, Reuters writes that job growth is "stuck in low gear" and says economists think the jobless rate stayed at 8.2 percent.

On the slightly positive side, though, The Wall Street Journal says that Thursday's employment report from ADP (which we posted about) did spur "economists polled by Dow Jones Newswires" to raise their estimate of June job growth to at least 100,000 and in some cases to 125,000 from the 95,000 they had been expecting.

We'll update this post with news from the report and reactions to it. Among things to watch for besides the June job growth and unemployment figures: revisions to the May numbers.


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