US jobs report for May will partly underpin Warsh's Fed debut

From aol.com

Federal Reserve officials' waning concern about the job market, so intense at the start of the year that it supported calls by many of them for interest rate cuts, will be tested on Friday with new data that also frames the opening debate of Kevin Warsh's term as head of the U.S. central bank. Economists polled by Reuters expect U.S. employers created 85,000 jobs in May, a decline from the unexpectedly strong gain of 115,000 in April but enough to keep the unemployment rate unchanged at 4.3%. After generating a monthly average of fewer than 10,000 new jobs in 2025, with hiring undercut by uncertainty around import ... (full story)