Reported 3 days ago
The expected July jobs report indicates a slowdown in hiring with nonfarm payrolls projected to rise by just 105,000, contributing to an unemployment rate increase to 4.2%. This data, set for release on Friday, comes amidst concerns over the cooling labor market and its potential impact on Federal Reserve interest rate decisions. Despite a recent uptick in private payrolls, the broader hiring momentum has diminished, raising questions about consumer spending and overall economic health.
Source: YAHOO