So far, the U.S labor market is indeed the main victim of the ongoing downside pressures of the current prolonged recession since overall unemployment is endlessly climbing to the upside in the world's largest economy as it was already forecasted by the Federal Reserve and by the U.S president, despite the gradual slight economical recovery that is currently taking place in the country.

Today, the Jobs Report will be released and it's highly predicted to come out gloomy and depressing, deteriorating further accordingly the U.S labor market, which is a sector that represents an essential pillar of the economy and reflects directly the health of the current economy and therefore indicates that the economy remains under pressure, healing gradually from the several symptoms of the crisis.

The U.S. non-farm payrolls are expected to show that American employers shed 365,000 jobs in June, after shedding 345,000 back in May, where the unemployment rate rose to the highest level since 1983 at 9.4%.

In fact, the unemployment rate for June that will be released today is highly expected to incline around 9.6% from the prior reading of 9.4%, indicating clearly that the total civilian workforce unemployed that are capable and actively seeking employment is constantly and increasingly climbing to the upside, even though the fact that the US ADP Employment Change came out yesterday worse than forecasts but better than its prior reading, demonstrating that the employment conjuncture throughout the private sector enhanced slightly.

Still, the Initial Jobless Claims for June 27 are forecasted to plunge to around 615 thousand from 627 thousand, indicating that the change in the number of people filling for unemployment benefits in the previous week is slightly declining, whereas the Continuing Claims for June 20 are forecasted to witness a slight rise to come in around 6740 thousand from 6738 thousand, showing in fact that as an overall picture regarding the number people filling for unemployment benefits in the previous week, there is no significant change and that the unemployment level remains crucial and dull.

Furthermore, the Average Hourly Earnings for June are forecasted to come in at 0.1% as the prior reading, whereas the average hourly earnings for the year ending June may come in around 2.9% from 3.1% and the average weekly hours for June are predicted to come in at 33.1% as its prior reading, demonstrating once again that no major change occurred.

In fact, this past period is characterized by a mixture of sentiments that are invading the Unites States as some crucial economic indicators concerning the labor market remain pessimistic, whereas other news including those released within the past few days are cheerful and illustrate obviously that a gradual economical recovery is taking place throughout the country but over a slow pace.