June 3, 2026
United States:
US Companies Add 122,000 Jobs, Most Since January 2025
US companies in May added the most jobs since January 2025, signaling the labor market may be gaining momentum despite rising energy costs sparked by the Iran war.
Private-sector payrolls rose by 122,000 after advancing 105,000 in the prior month, according to ADP Research data out Wednesday.
Europe:
BOE to Hold Rates This Year and Cut in 2027, OECD Forecasts
The Bank of England will keep interest rates on hold this year despite rising inflation because the energy shock will be “transitory” while a weak UK jobs market constrains price pressures, the Organization for Economic Cooperation and Development expects.
In its latest set of forecasts, the advanced economies’ think tank said the BOE would cut rates a quarter point to 3.5% in 2027, despite inflation remaining above the 2% target.
Asia:
BOJ’s Ueda Signals Good Chance of June Hike as Price Risks Rise
Bank of Japan Governor Kazuo Ueda indicated a good chance of an interest rate hike this month if the risk of hotter-than-expected inflation looks bigger than the potential hit to the economy from the Middle East crisis.
“Even if the situation remains unclear, should it be judged that upside risks to prices outweigh downside risks to economic activity, it will be necessary to thoroughly discuss the pros and cons of raising the policy interest rate,” Ueda said Wednesday in his final scheduled speaking event ahead of a closely watched policy meeting.
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