Forecasters anticipate a monthly report on US employment will show moderating job and wage growth in July, underscoring an ongoing softening in the labor market.
Payrolls probably rose by 175,000 last month following June’s 206,000 increase, according to the median estimate in a Bloomberg survey. Average hourly earnings likely rose just 3.7% from a year earlier, the least in three years, the report due Friday from the Bureau of Labor Statistics is expected to show.
Source: Bloomberg
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