On Friday at 20:30 Beijing time(China Standard Time-GMT+8), the United States will release the non-farm payroll report for May. This report is of significant importance for Federal Reserve officials as it is the last crucial data before entering the blackout period, aiding policymakers in determining whether to raise interest rates at the next meeting in June.
According to economists' general forecasts, non-farm payrolls are expected to increase by 190,000 jobs in May, a decline from the 253,000 jobs added in April, marking the smallest increase since December 2020. The unemployment rate is projected to rise slightly from 3.4% in April to 3.5%, still near the lowest level since 1969.
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