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From: humble1	6/6/2024 6:08:58 PM
	4 Recommendations of 41064

Jobs for report drama: “The jobs report for May is now particularly consequential,” Citigroup economist Andrew Hollenhorst said in a note. “A weaker reading [of less than 175,000 jobs and an unemployment rate of 4% or more] would be a final piece of evidence that the slowdown will continue. On the other hand, an unexpected strengthening would reinforce the idea that there is no urgency to cut rates and send Treasury yields higher again.” Citi expects that the report will show just 140,000 jobs, with the unemployment rate hitting 4% for the first time since January 2022.

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