Bank of America Securities expects U.S. nonfarm payrolls to increase by 110,000 in June following three months of steady growth. According to Odaily, the firm attributed the forecast mainly to moderate initial jobless claims and strong ADP employment data.
Bank of America Securities also said it sees downside risks to the June estimate. It noted that a surge in leisure and hospitality employment in May may have been influenced by the World Cup or Memorial Day.
The firm said that if Memorial Day was the main driver of the May increase, June employment data could pull back. It added that a strong jobs report could make markets more inclined toward its earlier forecast of three interest rate hikes in 2026.
Bank of America Securities Expects June U.S. Payrolls to Rise by 110,000 After Three Months of Growth
2026-06-29 13:44:34
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