Economists expect the June employment report to show a healthy gain of 113,000 jobs and a flat unemployment rate, as the labor market shows signs of stability halfway through 2026. The unemployment rate has now held at 4.3% for three consecutive months, and Federal Reserve Chairman Kevin Warsh recently described the labor market as stable or even improving slightly. Payroll growth exceeded expectations in March, April, and May, while Tuesday's JOLTS report showed 7.6 million job openings in May, matching April's level, and a quits rate unchanged at 1.9%. Outplacement firm Challenger, Gray & Christmas reported that the pace of US job cuts declined to 46,000 in June, further signaling labor market strength.