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Nonfarm Payroll Report Preview: Can It Lift US Inflation

June 03, 2021 – Last month’s NFP report will be published this week on Friday, June 04, 2021, at 1:30 PM (UK Time). This report will provide a key insight into the progress of the US Economy. Expectations are high at yet another solid NFP report as the US economy is slowly recovering.

A total of 645,000 jobs are expected to have been created for the month of May, a significant improvement over the 266,000 in April, itself a significant miss on estimates. Meanwhile, the unemployment rate is expected to improve as well, falling to 5.9% from 6.1%.

The monthly ADP employment report is published a day before this month’s NFP figures, delayed by a day due to the Memorial Day holiday in the US. This time around, ADP payrolls are expected to show a growth of 645,000, down from last month’s 742,000.

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