Here's everything you need to know about Friday's big jobs report

Breaking News: Economy News

Here's everything you need to know about Friday's big jobs report
EconomyBreaking NewsJerome Powell
  • 📰 CNBC
  • ⏱ Reading Time:
  • 45 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 72%

A gradual slowdown in the economy and Hurricane Beryl are expected to have taken some of the steam out of hiring in July.

The nonfarm report Friday from the Bureau of Labor Statistics is forecast to show payroll gains of 185,000 in July, down from 206,000 in June.

People line up as they wait for the JobNewsUSA.com South Florida Job Fair to open at the Amerant Bank Arena on June 26, 2024, in Sunrise, Florida.The U.S. labor market may have cooled some in July, as a gradual slowdown in the economy and Hurricane Beryl are expected to have taken some of the steam out of hiring.

Indeed, the report from the department's Bureau of Labor Statistics is forecast to show payroll gains of 185,000 on the month, down from, with the unemployment rate holding at 4.1%, according to the Dow Jones consensus estimate. Job reports for the past year and a half have routinely beaten the consensus.

"When we look back at today, …. I kind of believe that we will say that we were in recession in September 2024," he said.voted to hold its benchmark overnight borrowing rate in a range of 5.25%-5.5%, where it has been for the past year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

Economy Breaking News Jerome Powell Business News

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hurricane Beryl: Texas Lt. Governor announces creation of committee to investigate Beryl recoveryHurricane Beryl: Texas Lt. Governor announces creation of committee to investigate Beryl recoveryTexas Lieutenant Dan Patrick announced a special committee has been formed to investigate the recovery from Hurricane Beryl.
Read more »

Hurricane Beryl: From bayous reaching their banks to flying bricks, Beryl brings chaos to Space CityHurricane Beryl: From bayous reaching their banks to flying bricks, Beryl brings chaos to Space CityBraes Bayou was one of the city's bayous that came out of its banks to make driving impossible for a few hours on North Braeswood.
Read more »

How does a hurricane get the name Beryl?How does a hurricane get the name Beryl?Before Hurricane Beryl roared toward Texas, the name Beryl was not on most people's radar.
Read more »

Feeling stressed over Hurricane Beryl, hurricane season?Feeling stressed over Hurricane Beryl, hurricane season?The Institute for Spirituality and Health offers free, virtual and in-person workshops on breathing techniques, meditation, and yoga to help Houstonians manage stress and promote well-being after hurricane season.
Read more »

Hurricane Beryl makes landfall on Texas coast as a Category 1 hurricaneHurricane Beryl makes landfall on Texas coast as a Category 1 hurricaneBeryl made landfall on the Texas coast near Matagorda early Monday with a dangerous storm surge and strong winds, the National Weather Service reported.
Read more »

WATCH: Hurricane Hunters record Hurricane Beryl's dangerous eyewall before Jamaica landfallWATCH: Hurricane Hunters record Hurricane Beryl's dangerous eyewall before Jamaica landfallHere is a look inside dangerous Hurricane Beryl
Read more »



Render Time: 2025-03-21 19:52:51