Economists expect the May jobs report to rebound to 185,000 from 175,000 in April. After this week's JOLTS and ADP reports, the number was lower, at 168,000. But in the past, these have been poor forecasts for non-farm payrolls.
Strong jobs data may cause unease at first, but will keep the stock market's carnival going. Goldman Sachs pointed out that a large amount of cash from passive stock allocations is ready to flow into the stock market this summer. However, the lack of wage data will test whether the stock market can continue to ignore the risk of unemployment.
Bullish ETH4K
