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Next week's U.S. employment report is expected to show steady job growth and a stable unemployment rate

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Golden Finance reports that on May 31, in a survey of economists, Bloomberg’s median forecast shows that the U.S. unemployment rate in May will remain unchanged at 4.3%, while non-farm payrolls will increase by 89,000. This increase will lift the three-month average employment growth rate to the highest level in more than a year, sparking market discussions about whether hiring will keep accelerating. Forecasters expect the healthcare industry to maintain strong momentum, while cyclical-sensitive sectors such as construction, leisure, and hotels will also rebound; demand in these industries may benefit from the warm weather over the past month. As consumers stockpile goods in anticipation of price increases potentially triggered by the Iran war, manufacturing employment may also receive a boost. (Jin10)
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