Why the June jobs report could catch the market off guard

The June Jobs document is out Thursday and most economists are looking ahead to slowing development. Brian Jacobsen, Chief Economist, Annex Wealth Administration, joined TheStreet to justify why the employment figure may perhaps win the market without notice.

Connected: The important thing jobs number that will perhaps force the Fed's hand

Fat Video Transcript Below:

CAROLINE WOODS: I should accept your expectations for the June jobs document, which comes out on Thursday.

BRIAN JACOBSEN: Yeah so I am in actuality excited that that is popping out on Thursday. In reveal that design we can accept that put late us for the lengthy weekend. And I am looking ahead to that we'll have a study a minute bit little bit of the the same as what we comprise now been, which is continued softening up in terms of the headline payrolls number. So I am looking ahead to to have a study a win develop in payrolls of spherical 125,000. So perhaps I am being a minute bit conservative when put next with the consensus. The unemployment rate is one where the labor force has been insecure a minute bit bit. All people is aware of that one of the significant most immigration crackdown has been affecting that. And lawful the domestic labor force pool hasn't been growing comparatively as hasty as it has in years previous. And so I mediate that unemployment rate, or no longer it's a minute little bit of a wild card. However we may perhaps basically thought that lawful discontinue regular at spherical 4.2%. Total my wager is or no longer it will in actuality paint this picture of the Fed being ready to cleave charges every other time, whether or no longer or no longer it's July or September. I am sure we can discuss about that. However being ready to, as towards being forced to cleave because of labor market softness.