BofA: We expect May non-farm payrolls to rise by 150K ...Middle East

Key Points:

Sector Trends: Hiring in trade & transportation likely paused after previous front-loading due to tariff uncertainty.

Unemployment Rate: Expected to hold at 4.2%.

Conclusion:

BofA sees a stronger-than-consensus May payrolls print, but notes that tariff-related risks cloud the outlook. For now, labor market resilience supports a steady Fed, barring a more significant slowdown.

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This article was written by Adam Button at www.forexlive.com.

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