Here’s where the jobs are for July — in one chart
Hiring in the U.S. slowed significantly last month with information and financial sectors leading the job losses.
Hiring in the U.S. slowed significantly last month with information and financial sectors leading the job losses.
Nonfarm payrolls were expected to increase by 185,000 in July, according to the Dow Jones consensus estimate.
A gradual slowdown in the economy and Hurricane Beryl are expected to have taken some of the steam out of hiring in July.
Markets are pricing in an aggressive path for interest rate cuts starting in September.
Companies added just 122,000 jobs on the month, the slowest pace since January.
Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union's statistics agency said Wednesday.
The euro zone's economy grew by more than expected in the second quarter of 2024, flash figures from the European Union's statistics office showed Tuesday.
The PCE price index was expected to increase 0.1% in June and 2.5% from a year ago.
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.