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macroJun 5, 2026, 8:41 AM

UBS Economist: US Jobs Report May Offer Weak Signal as Savings Shrink

UBS Chief Economist Paul Donovan warns that the upcoming US employment report could provide an unreliable picture of the labor market as consumer savings dwindle, with expectations of flat unemployment and job gains below 100,000.

UBS Chief Economist Paul Donovan commented on the latest US employment report, suggesting it may deliver a weak and unreliable signal on the labor market. He noted that consumers are closely watching job data as their savings continue to shrink.

Market expectations point to flat unemployment and net job creation below 100,000. Donovan's remarks highlight the growing uncertainty around the health of the US economy and the reliability of official employment figures.

Source: FXStreet Forex News