Fed Seen Waiting for More US Economic Data After Mixed Job Report

19,000 New Jobs in Construction Could Reflect Battery and EV Plants

Fed Seen Waiting for More Data After Mixed Jobs Report

6,200 Payroll Drop in Motion Picture and Sound Recording Industries

Average Hours Worked Fell to 34.3 Matching Spring 2020

Data Suggests Labor Market is Softening

Manufacturing Dropped 2,000 Jobs, Expeccted to Add 5,000

Health Added 87,000 Jobs Last Month

Labor Force Participation Unchanged at 62.6%

Revisions Took 49,000 Jobs From Prior Two Months

Hourly Earnings Higher Than Expected

Report Takeaways

July Payroll Gain Lowest Since December 2020

US July Unemployment Rate Falls to 3.5% vs 3.6%

US July Payrolls Increase 187,000; Est. 200,000

Key Events

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