Jobs, Jobs, Jobs: What's Cooking in the NFP Report? 👨🏻‍🍳📒

Here's What to Watch 👇🏻:

In recent years, the Consumer Price Index (CPI) has often overshadowed the Nonfarm Payrolls (NFP) report as inflation dominated the spotlight. But as inflation cools and the Federal Reserve turns its focus back to the labor market, #NFP is making a comeback as a crucial economic mover.

The Unemployment Rate has edged up to 4.1%, yet the US job market continues to show resilience. Following a strong report of 206,000 new jobs in June, economists are eyeing 176,000 new positions for July. With recent data frequently defying predictions, will we see another surprise?

Watch for more than just job gains—attention will also be on the jobless rate, especially if it surpasses 4.1% and activates the Sahm Rule. Developed by economist Claudia Sahm, this rule signals a potential recession if the three-month moving average of the unemployment rate rises by 0.50% or more compared to the lowest average from the past year.

Currently, the Sahm Rule stands at 0.43%—just shy of the critical 0.50% threshold. Will this month's report push us over the edge? Stay tuned for what could be a game-changing update for the US economy.

#KVB# #GuessNFP# #NonfarmPayrolls# #Non-FarmPayrolls# #UnemploymentRate# #FlashNews# #BrokerNews#