Economists on average expect the July report, out Friday, to show more than 1 million job gains – including hiring and layoffs – but there’s wide disparity in the forecasts.
A broad measure of layoffs likely continued to hover just below 1.5 million last week, economists say, highlighting a labor market recovery that has lost steam as many states pause or reverse reopenings amid COVID-19 spikes.
Economists on average expect the July report, out Friday, to show more than 1 million job gains – including hiring and layoffs – but there’s wide disparity in the forecasts, with some experts predicting job losses and others reckoning that payrolls held steady. That figure also has trended down, though it rose in the most recently reported week for the first time in nearly two months.
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