Los Angeles, June 1, 2017 - The next two days will disclose three important market indicators; the manufacturing and payroll growth report and most importantly the ever crucial jobs report.
Today will bring us two of the week’s big economic reports with data on
manufacturing activity and the related private payroll growth. It is widely expected that another 180,000 jobs have been added during May. This will be followed by the release of the latest manufacturing data, which will show continued expansion of the economic activity in the U.S. Then on Friday Friday, of course, will bring us the most important economic report: the May jobs report.
Statistics show that the demand for labor is going up and that right now the labor market is tight. According to US businesses there is more demand than supply for workers in America.
This should all translate int at at least reasonably news for the US economy and the capital markets, unless there are some surprises in those three crucial reports.