Solid job creation and steady earnings anticipated in U.S. report, Mohamed A. El-Erian expects

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Solid job creation and steady earnings anticipated in U.S. report, Mohamed A. El-Erian expects — U.S. jobs data released ahead of holiday

Mohamed A. El-Erian, president at Queens' College, University of Cambridge, highlights that U.S. jobs data is being released today due to a federal holiday tomorrow. Consensus forecasts indicate a strong labor market, with job growth likely to remain above trend, accompanied by stable hourly earnings and unemployment rates.

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El-Erian recently noted that U.S. May PCE inflation data, a key indicator for both markets and the Federal Reserve, is scheduled for release this week here. He also discussed current trends in the U.S. economy and financial markets during an appearance on CNBC's Squawk on the Street here. These updates follow today’s focus on U.S. labor market figures.

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