US jobs growth is forecast to have fallen to its lowest level since 2020, with the labour market slowly cooling after almost 18 months of interest rate rises.
Economists expect the economy to have added about 200,000 new non-farm jobs in July, according to a Bloomberg survey.
If correct, that would mark a further decline from 209,000 in June, and the slowest increase since December 2020 — and could be taken as an encouraging sign that the Federal Reserve is making progress in its fight against inflation.
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