{"id":108654,"date":"2025-07-31T22:26:11","date_gmt":"2025-07-31T22:26:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/108654\/"},"modified":"2025-07-31T22:26:11","modified_gmt":"2025-07-31T22:26:11","slug":"july-jobs-report-expected-to-show-a-labor-market-slowing-to-a-crawl","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/108654\/","title":{"rendered":"July jobs report expected to show a labor market slowing to a crawl"},"content":{"rendered":"<p>Hiring is expected to show a sharp slowdown in July, even as Federal Reserve policymakers insist the labor market is still in solid shape. Nonfarm payrolls likely grew by just 100,000 for the month, according to a Dow Jones consensus estimate. That would be the lowest gain since October 2024. Payrolls rose 147,000 in June and averaged 130,000 a month in the first half of the year. The unemployment rate also is expected to nudge up to 4.2% when the Bureau of Labor Statistics releases the report Friday at 8:30 a.m. ET. If the estimates are correct, it will reinforce the notion of a slowing jobs picture , though not necessarily one that will require a response from the Fed. &#8220;You do see a slowing in job creation, but also in a slowing, slowing in the supply of workers. So you&#8217;ve got a labor market that&#8217;s in balance,&#8221; Chair Jerome Powell said at a news conference Wednesday following the Fed&#8217;s policy meeting that saw it hold its benchmark interest rate where it&#8217;s been since December. &#8220;The labor market looks solid.&#8221; Aside from the headline number, markets will pore through the report for the source of hiring. For much of the post-Covid recovery, restaurant, health care and leisure and hospitality have provided the bulk of the gains. &#8220;What I&#8217;m really looking to is the breadth of employment gains across industries,&#8221; said John Velis, Americas macro strategist at BNY. &#8220;If you see cyclical industries continue to not generate jobs, and you see acyclical industries losing jobs, that&#8217;s a sign that the labor market is really weakening.&#8221; The monthly jobs reports have had a habit of surprising, primarily to the upside. That&#8217;s what TS Lombard expects to happen Friday. The firm said high-frequency data indicators from LinkUp point to a nonfarm payrolls number that could hit 199,000.<\/p>\n","protected":false},"excerpt":{"rendered":"Hiring is expected to show a sharp slowdown in July, even as Federal Reserve policymakers insist the labor&hellip;\n","protected":false},"author":3,"featured_media":108655,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,81,79,3346,420,134,67,132,68],"class_list":{"0":"post-108654","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-business-news","10":"tag-economy","11":"tag-investment-strategy","12":"tag-jobs","13":"tag-stock-markets","14":"tag-united-states","15":"tag-unitedstates","16":"tag-us"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/108654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=108654"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/108654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/108655"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=108654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=108654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=108654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}