The market believes that the U.S. unemployment rate in July will remain at 4.1% and fall short of expectations, with non-farm payrolls possibly adding 175,000 new jobs.
This article is machine translated
Show original
Odaily Odaily reported that the United States will release the latest non-farm payrolls report tonight. The market believes that the United States is expected to add 175,000 non-farm jobs in July, and the monthly hourly wage rate will be recorded at 0.3%. Some investment bank analysts believe that tonight's non-farm payrolls report may not perform as expected. Analysts also expect the unemployment rate to remain at 4.1%, which is the level after three consecutive months of increases. The unemployment rate has risen since hitting a 50-year low of 3.4% in April 2023, which has led to concerns about a recession. Economists believe these concerns are misleading, pointing out that layoffs are still at historical lows. (Jinshi)
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content