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.
According to Mars Finance news, the United States will release the latest non-farm payroll report tonight. The market believes that the US is expected to add 175,000 non-farm jobs in July, and the hourly wage rate will record a 0.3% increase. Some investment bank analysts believe that the non-farm employment report performance tonight may be lower than expected. Analysts also expect the unemployment rate to remain at 4.1%, which is the level after three consecutive months of increase. The unemployment rate has risen since it hit a 50-year low of 3.4% in April 2023, leading to concerns about an economic recession. Economists believe these concerns are misleading, pointing out that layoffs are still at historical lows.
