Labor report might show moderation, with strength persisting
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A contractor carries metal studs at a commercial development under construction in the Brooklyn borough of New York.
Photographer: Eilon Paz/BloombergUpdated on
Upcoming readouts of the US labor market are projected to show more moderate yet still healthy job growth, an historically low unemployment rate, cooler wage gains and fewer vacancies.
The jobs report will be front and center in a holiday-shortened week, with economists forecasting nonfarm payrolls increased by 225,000 in June. While still considered generally strong, it would be one of the smallest advances since the end of 2020.