Market Insider

June jobs report expected to be strong

VIDEO2:1402:14
The odd jobs report

June's jobs report could show that 2015 will be the best summer for hiring since before the financial crisis.

"There's a lot of jobs being created across a lot of industries and in all regions of the country, and the labor market is a lot tighter. We're getting bigger pay increases. It's the best summer job market since the financial crisis, since 2007, and in some respects it's better because the job creation is stronger and broader based," said Moody's Analytics chief economist, Mark Zandi. "Back in 2007, it was more focused on housing, housing related and Wall Street. This feels much deeper. It's everything but the energy sector."

This trend already started to show up in other reports, but should be more apparent in June's employment data when it is released Thursday at 8:30 a.m. ET. New faces are expected to have joined the ranks of workers in engineering offices, accounting firms, restaurants, construction sites and even at manufacturers.

Related Tags