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June jobs report is not expected to show an economic slowdown or a recession looming

Part Owner and Executive Chef Steve Kemper, prepares food in the kitchen at the Go Fish! Seafood Restaurant and Sushi Bar in Sinking Spring, Pennsylvania, April 8, 2021.

Ben Hasty | MediaNews Group | Reading Eagle via Getty Images

June’s employment report is expected to show strong hiring continues across a broad range of industries, and that the labor market may so far be untouched by concerns about a recession on the horizon.

According to Dow Jones, economists expect 250,000 jobs were added last month, down from 390,000 in May. Economists also expect the unemployment rate to remain flat at 3.6%, and wages are expected to rise 0.3%, about the same as May. The report is released at 8:30 a.m. ET Friday.

“Overall, we’re looking for a very solid jobs report. I think there’s been some concerns about a slowdown in consumer spending and the housing sector, but that’s not showing up yet in the labor market,” said Aditya Bhave, senior U.S. and…

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