What to Watch for in the June Jobs Report

The transcript discusses recent market sell-offs in stocks and bonds, driven by expectations of rising interest rates from the Federal Reserve. The ADP report showed significant job gains, particularly in service-oriented sectors, raising concerns about inflation. The market is nervous about the potential for a higher Fed funds rate. Attention is on the upcoming jobs report, which could influence the Fed's decisions, with a focus on average hourly earnings and labor market participation.

What are the implications of the upcoming jobs number for the Federal Reserve's policy decisions?

In what ways might the participation rate affect inflation and wage growth?