Svmuu News: On June 29, Bank of America Securities projected that U.S. nonfarm payrolls would rise significantly by 110,000 in June, driven primarily by moderate initial jobless claims and strong ADP employment data. Bank of America Securities also noted downside risks, suggesting that the surge in employment in the leisure and hospitality sectors in May may have been influenced by either the World Cup or Memorial Day; if the latter is the case, June’s employment figures could see a pullback. The firm added that a strong jobs report could further solidify the market’s inclination toward its previous forecast of three interest rate hikes in 2026.