What to expect for today Non-farm payroll for July

According to a survey of 28 economists by The Wall Street Journal, the unemployment rate is expected to remain at 3.6% in July, just one-tenth of a percent higher than the fifty-year-low it dipped to before the pandemic. After briefly spiking during the economic shutdowns of spring 2020, the rate quickly fell and has held steady at 3.6% since March of this year.

Economists forecast that the economy added 258,000 new nonfarm payroll jobs in July, compared with 372,000 in June.