Jobs Report: May Hiring Was Likely Slower But Stable. The Fed Still Won't Cut Rates.

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The Bureau of Labor Statistics is due to release May employment data on Friday morning. Here’s what analysts surveyed by FactSet are expecting.

Payrolls: 130,000, lower than April’s 177,000

Unemployment rate: 4.2%, the same as in April

The Fed angle: It’s unlikely the central bank will cut interest rates later this month.