— more to come
Follow all the Non-Farm Payrolls updates live
The US Bureau of Labor Statistics (BLS) was expected to report an increase of 164,000 jobs in July, down from 224,000 in the initial report for June. Average Hourly Earnings were projected to rise by 0.2% on a monthly basis and 3.2% year on year.
The Federal Reserve has cut interest rates earlier this week but signaled that further immediate stimulus is unnecessary. Nevertheless, the Fed is data-dependent and is watching the data closely for the next moves.
The bank is also influenced by trade. President Donald Trump’s announcement of new tariffs on China has drawn attention and raised expectations for the central bank to reduce rates as early as September.
The US dollar has been stable ahead of the release after losing some ground alongside falling bond-yields after Trump’s surprise move.
Share
