May Jobs Report: Hiring Slows, Unemployment Holds Steady?

The upcoming May employment report is expected to show a slowdown in hiring activities, with economists predicting a 125,000 job increase and a steady 4.2% unemployment rate. Recent data indicates a loosening labor market, with rising initial jobless claims and high continuing claims. The report's release on Friday, June 6, is crucial for policymakers and market participants, who are bracing for potential volatility.