US employment statistics confirm the softness of the labor market - is the unemployment rate still high

2024/8/2 9:44 JST (some excerpts)
The number of people employed in the non-farm sector in July is expected to increase by 0.17 million by 5,000 people - it is expected to slow down
If the number is weaker than expected, it will also spur predictions of more rapid interest rate cuts
According to US employment statistics for July, growth in the number of employed people and wages moderated, which is expected to confirm the softening trend in the labor market.
　　According to the median forecast of the Bloomberg survey, the number of people employed in the non-farm sector in July as announced by the US Bureau of Labor Statistics (BLS) on the 2nd is expected to increase by 0.17 million by 5,000 people. There was an increase of 0.2 million6,000 people in the previous month. The average hourly wage is expected to increase 3.7% from the same month last year, which is expected to be the lowest increase in the past 3 years.