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5 Things to Watch on the Economic Calendar
1. Labor Reports on May Payrolls and Paychecks Share on Twitter Of all the scheduled releases next week, none looms as large as the Labor Department’s May jobs report Friday. Most of the attention will be on nonfarm payrolls (expected to be up by 220,000 jobs, close to the 12-month average, according to economists surveyed Friday by The Wall Street Journal) and the jobless rate (forecast to hold at 5.4%). Another key part of the report—especially for Federal Reserve officials—will be wage data. Yearly pay growth has stuck stubbornly around 2%. Fed leaders want to see wage growth accelerate above 2% as a sign of ... (full story)