Reported 2 months ago
The upcoming July jobs report is expected to show a continued cooling in the US labor market, with forecasts predicting a gain of 175,000 nonfarm payrolls and an unchanged unemployment rate of 4.1%. Economic analysts are closely watching this report amid concerns about a potential economic slowdown and the impacts of recent jobless claims rising to 249,000, indicating a softer economy. The report will also be scrutinized for any signs that could trigger the Sahm Rule, which has historically predicted recessions.
Source: YAHOO