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July Jobs Report Expected to Show Steady Unemployment, 85,000 Jobs Added

Created at 7 Aug · 10:00 AM1 source↑ Market-relevant
IN SHORT

The Bureau of Labor Statistics is set to release the July jobs report today at 8:30 a.m. ET. Economists anticipate the unemployment rate will remain steady at 4.2%, with an addition of 85,000 jobs.

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Key Numbers

8:30 a.m. ETjobs report release time
4.2%expected July unemployment rate
85,000expected July jobs added
57,000June jobs added
4.2%June unemployment rate

Who's Involved

Bureau of Labor Statistics
agency releasing the July jobs report
July Jobs Report Expected to Show Steady Unemployment, 85,000 Jobs Added

↳ Why This Matters

The jobs report is a key indicator of the labor market's health and can influence Federal Reserve monetary policy decisions regarding interest rates.

Key facts

  • The July jobs report is scheduled for release at 8:30 a.m. ET.
  • Economists forecast an unemployment rate of 4.2% for July.
  • The consensus expectation is for 85,000 jobs to have been added in July.
  • The June jobs report indicated 57,000 jobs were added, falling short of projections.
  • In June, the unemployment rate decreased to 4.2%, while labor force participation declined.

The July jobs report is due for release today, with economists anticipating a steady unemployment rate of 4.2% and the addition of 85,000 jobs. This follows a disappointing June report, which saw only 57,000 jobs added, below expectations. While the unemployment rate did fall to 4.2% in June, labor force participation also decreased. The Bureau of Labor Statistics will publish the official data at 8:30 a.m. ET.

Frequently asked questions

The July jobs report is scheduled for release today at 8:30 a.m. ET.

Economists expect the unemployment rate to remain steady at 4.2% for July.

The consensus forecast is for 85,000 jobs to be added in July.

In June, the US added 57,000 jobs, missing expectations, and the unemployment rate fell to 4.2%.

What Happens Next

01Monitor the Bureau of Labor Statistics release at 8:30 a.m. ET.
02Analyze the implications of the jobs data on the economy and Fed policy.

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Cadence
CME Headlines
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  • 10-Year Treasury Note yields rose 6 bps as oil prices climbed.
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  • Euro futures fell from weekly highs as dollar caught a bid.
    6 Aug · 9:28 PM

How It Developed

The Bureau of Labor Statistics will release the July jobs report.
Economists expect the unemployment rate to be 4.2% in July.
Economists expect 85,000 jobs to have been added in July.
The June jobs report showed 57,000 jobs added, missing expectations.
Unemployment fell to 4.2% in June, but labor force participation dropped.

Sources

T1
July's jobs report comes out today. Here's what to expect.Business Insider

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