Institutional forecasts for May US nonfarm payrolls range from +50k to +125k. Moody’s Analytics, Pantheon Macro, UniCredit and Deutsche Bank at +50k; Goldman Sachs, Citi and TD Securities at +60k; Morgan Stanley +65k; JP Morgan +75k; UBS and Bank of

2026-06-05

Institutional forecasts for May US nonfarm payrolls range from +50k to +125k. Moody’s Analytics, Pantheon Macro, UniCredit and Deutsche Bank at +50k; Goldman Sachs, Citi and TD Securities at +60k; Morgan Stanley +65k; JP Morgan +75k; UBS and Bank of America +95k; Jefferies and Societe Generale +125k. Reuters expectation +85k.