The economy might be slowing and recession risks are rising, but experts don't think the US' long streak of employment growth has ended yet.
New York The economy might be slowing and recession risks are rising, but experts don't think the US' long streak of employment growth has ended yet.
Economists polled by Refinitiv anticipate that the Labor Department's jobs report out on Friday will show 185,000 jobs were added in May, with the unemployment rate holding at a very low 3.6% — still a healthy pace, even if slightly below the 218,000 over the past year. Average hourly earnings growth is expected to come in at 3.2%, which would be the eighth month above the 3% mark.
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