July jobs report expected to show a labor market slowing to a crawl
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…