The economy has problems, but the labor market isn’t one of them: U.S. likely added 171,000 jobs in July

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

What we're expecting in the jobs report today: - The U.S. likely added 171,000 new jobs in July. - Unemployment rate expected to fall a tick to 3.6%.

The U.S. economy might be more fragile now than it was last year, but it’s hard to tell by looking at the muscular labor market.The U.S. likely added 171,000 new jobs in July, returning the unemployment rate to a 50-year low of 3.6%, according to economists polled by MarketWatch. Here’s what to watch in the monthly employment report due Friday morning.

American manufacturers are growing at the slowest pace in three years and construction has tapered off after hitting a postrecession peak last year. The government, for its part, has not been adding many jobs. Low rate of layoffs Unemployment has hovered below 4% since January and it’s expected to fall a tick to 3.6% in July. The last time the jobless rate was that low was in 1969.Even if the unemployment rate rises, however, it’s unlikely to be a negative sign. The jobless rate often edges during the later stages of an economic expansion because more people are drawn back into the labor force in search of work. Initially they are counted as unemployed.

On the bright side, modest wage growth means low inflation and the continuation of very low interest rates.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Trump is on fire

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. weekly jobless claims rise; labor market still tighteningThe number of Americans filing applications for unemployment benefits increased ... The way the US counts its unemployed means that these numbers can never be trusted. That's odd... My company is paying 20 bucks an hour and we can't get people in the door to apply
Source: Reuters - 🏆 2. / 97 Read more »

U.S. manufacturing struggling as tariffs bite; job market healthyU.S. manufacturing activity slowed to a near three-year low in July and hiring a... I wish we gat 30% of ur industry back here Nigeria, u just don't know what it means to us Job market not healthy. Unemployment. It healthy. Economy not healthy. Not for about three years now. So just stop. Strangely, this mirrors the UK economy 🤔
Source: Reuters - 🏆 2. / 97 Read more »