Did job growth bounce back in May? The week ahead in economic reports


The arrival of spring-like temperatures probably brought a rebound in job growth in May following a couple of lackluster months marked by volatile weather.Besides the May employment report, the week’s economic news features a revised estimate of economic growth in the first quarter and the latest readings of consumer confidence and spending as well as manufacturing activity.Americans’ outlook on the economy and financial conditions has hovered near 18-year highs as solid job and income growth and federal tax cuts offset worries over rising gasoline prices and U.S. trade skirmishes. Economists expect the Conference Board on Tuesday to report that its index of consumer confidence dipped in May but remained at a lofty level.

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