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macroJun 5, 2026, 4:00 AM

US Nonfarm Payrolls Preview: Stable Job Market Could Bolster Fed Rate Hike Odds

The US Bureau of Labor Statistics will release May Nonfarm Payrolls data on Friday. The report is expected to show a broadly stable labor market, which may increase expectations for further Federal Reserve rate hikes.

USD

The US Bureau of Labor Statistics is set to release the May Nonfarm Payrolls (NFP) report on Friday at 12:30 GMT. Economists anticipate the data will reveal a broadly stable US labor market, with job growth remaining at a moderate pace.

Market participants are closely watching the release as it comes amid mounting odds of another Federal Reserve rate hike. A stable jobs reading could reinforce the case for tighter monetary policy, especially if wage growth remains elevated.

Traders should prepare for potential volatility in the US dollar and rate-sensitive assets following the release. The report will also be scrutinized for any signs of softening that could alter the Fed's policy trajectory.

Source: FXStreet Forex News