The market believes that the unemployment rate in the United States will remain at 4.1% in July, lower than expected

Tonight, the United States will release the latest non-farm payrolls report. The market believes that the United States is expected to add 175,000 non-farm jobs in July, and the monthly rate of hourly wages will record 0.3%. Some investment bank analysts believe that tonight's non-farm payrolls report may not perform as expected.
Analysts also expect the unemployment rate to remain at 4.1 percent, the level after three straight months of increases. The unemployment rate has risen since hitting a five-decade low of 3.4 percent in April 2023, which has led to fears of a recession. Economists dismiss those fears as misleading, noting that layoffs remain at historically low levels.