US job growth was likely strong in July, but it could slow in coming months with more layoffs

US job growth was likely strong in July, but it could slow in coming months with more layoffs

From cnbc.com

Employers likely added fewer jobs in July, but the monthly employment report is still expected to show a robust pace of hiring that should edge lower in coming months. Economists expect 258,000 jobs were added, down from 372,000 in June, according to Dow Jones. Unemployment is expected to hold at 3.6% and wages are expected to rise by 0.3%. The jobs report is released Friday at 8:30 a.m. ET. “I think it should be a right down the strike zone kind of report ,” said Mark Zandi, chief economist of Moody’s Analytics. “You’ve got more layoffs, initial claims are up and you have fewer hires because unfilled ... (full story)

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