The Latest Breaking News from Jobs Report

The next jobs report is forecast to reveal a steep slowdown in payrolls growth.

June S&P 500 futures (ESM23) are trending down -0.08% this morning after three major U.S. benchmark indices ended the regular session mixed as weaker-than-estimated economic data fueled worries that the Federal Reserve’s rate-hike campaign could push the U.S. economy into a recession, while investor focus shifted to key Friday’s U.S.…

Shares are mixed in Asia after stocks rallied on Wall Street following comments by the chair of the Federal Reserve signaling that last week’s stunningly strong jobs report won’t by itself sway its stance on interest rates hikes

Powell did not signal that the hot jobs report would prompt the Fed to act more aggressively than previously thought.

Federal Reserve Chair Jerome Powell said Tuesday that last week’s blockbuster U.S. jobs report showed it would likely take time to curb high inflation but that he expects a “significant decline” in inflation this year

Robust job growth is great news for the economy, but really changes the Fed’s plans.

RECAP: Most Asian stock markets rose yesterday while currencies fell against a firmer US dollar, as investors awaited a key US jobs report for more clues about interest rates after mixed signals from global central banks.

“Unless this labor market strength turns out to be a one-month blip…the Fed is likely to dig in and keep rates higher for longer,” BMO Wealth Management’s chief investment strategist, Yung-Yu Ma, said.

Asian shares are trading mixed ahead of a closely watched U.S. jobs report that may affect global interest rates