Economy

Fragile economic recovery faces first big test with June jobs report in the week ahead

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People are walking by the New York Stock Exchange (NYSE) building during Covid-19 pandemic in New York on May 26, 2020.

Tayfun Coskun | Anadolu Agency | Getty Images

The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp comeback in growth.

The first big test will be the June jobs report, out on Thursday instead of its usual Friday release due to the July 4 holiday. According to Refinitiv, economists expect 3 million jobs were created, after May’s surprise gain of 2.5 million payrolls beat forecasts by a whopping 10 million jobs.  

“If it’s stronger, it will suggest that the improvement is quicker, and that’s kind of…



Source cnbc.com

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