U.S. ECONOMICS: Employment Preview - Consensus Nonfarm Payrolls 211,000
June employment data is out early this week, Thursday at 8:30 a.m. ET, in advance of the full-close holiday Friday. The headline is expected to reveal an addition of 211,000 (consensus range 199,000 to 290,000) to nonfarm payrolls for the month following a 217,000 addition in May. The unemployment rate, or household survey, is seen is expected to hold steady at 6.3% for a third month (consensus range 6.2% to 6.3%). The workweek is expected to hold steady at 34.5 hours for fourth month. Hourly earnings are expected to grow 0.2% which would leave a 1.9% y/y rise. Hours-worked should be unchanged for the month following a 0.2% climb last month.
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