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July jobs report expected to show further cooling in US labor market
The July jobs report is expected to serve as the latest piece of economic data indicating that the US labor market is slowing down as the Fed inches toward interest rate cuts. The monthly report from the Bureau of Labor Statistics, slated for release at 8:30 a.m. ET on Friday, is expected to show nonfarm payrolls rose by 175,000 in July while the unemployment rate remained steady at 4.1%, according to consensus estimates compiled by Bloomberg. In June, the US economy added 206,000 jobs while the unemployment rate unexpectedly rose to 4.1%. Here are the key numbers Wall Street will be looking at compared to the ... (full story)
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- Posted: Aug 2, 2024 7:47am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,521
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