
Both the US and the Canada jobs report will be released at the bottom of the hour. What is expected for May in the US?
- Non-farm payroll estimate 185K (vs 175 theK)
- Private payroll, 170K vs 167K last month.
- Manufacturing payrolls, 5K vs 8K last month
- Unemployment rate 3.9% est vs 3.9% last month
- Average earnings MoM 0.3% versus 0.2% last month
- Average earnings YoY 3.9% versus 3.9% last month
- Average workweek (hrs) 34.3 versus 3.4% last month
- labor force participation rate:No estimate versus 62.7% last month
- U6 underemployment: No estimate versus 7.4% last month.
In Canada,