are forecasts from economists and researchers at five major banks regarding the upcoming jobs figures. expected to rise a tick to 5.3%. Meanwhile, the Participation Rate is expected to have remained stable at 65.5%.We look for employment to rise by 25K, leaving the UE rate stable at 5.2%. Services should drive hiring, while wage growth is expected to fall 0.6pp to 4.5% YoY.We still look for a 20K increase in employment in June.
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