7. July forecasts call for job, wage growth
Economists say job momentum continued in July with 620,000 payroll jobs added. If they're right, it helps chip away at the 6.8 million still needed for a full healing.
- The unemployment rate could slip to 5.8%, matching a pandemic-era low.
- Wages are expected to grow 0.2% after gaining 0.3% in June.
The big question is whether it's all enough to entice more sidelined workers back into the job market.
- The so-called labor force participation rate has barely budged in months.