Next week’s US employment report is expected to show solid job market growth, with the unemployment rate remaining steady.

Golden Ten Data, May 31 — According to the median forecast in a Bloomberg survey of economists, the US unemployment rate in May is expected to remain unchanged at 4.3%, while non-farm payrolls are set to increase by 89,000. This growth would push the three-month average job growth to its highest level in over a year and spark discussions in the market over whether the pace of hiring will continue to accelerate. Forecasters expect the healthcare sector to maintain its strong momentum, while cyclical sectors such as construction, leisure, and hospitality are also projected to rebound, potentially benefiting from warmer weather over the past month. Additionally, with consumers stockpiling goods to guard against potential price increases driven by the Iran war, manufacturing employment may also receive a boost.