US NFP: Friday's Report's Job Growth may Slow to 200K, According to JP Morgan

JP Morgan economists anticipate that the US Nonfarm Payrolls will be weaker than expected at 200K in the labour market report for July, which will be released at 12:30 GMT on Friday.

August 04, 2022 - 12:31 PM 221 views

US NFP: Friday's Report's Job Growth may Slow to 200K, According to JP Morgan

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© US NFP: Friday's Report's Job Growth may Slow to 200K, According to JP Morgan

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JP Morgan economists anticipate that the US Nonfarm Payrolls will be weaker than expected at 200K in the labour market report for July, which will be released at 12:30 GMT on Friday.

Key Phrases

"On the margin," the labour market "appears to be slowing."

“We retain our assessment that a persistent increase in initial claims to 275K or above would signal a US recession is begun and expect US employment growth to drop to 200K in Friday's report.”

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