The unemployment rate has scarcely budged since the Fed began a series of 11 rate hikes
Number of workers collecting jobless benefits jumped 6% in July
Labour market continues to show strength in the face of elevated interest rates
Job vacancies decline, wage growth pressures ease in Q2
Unemployment remains historically low in U.S., Europe
Overall economic trends point to a slowdown
Unemployment rate of 6.7% forecast, with anticipated job losses of about 50,000
The Federal Reserve will likely welcome Tuesday's data
Bank earnings continue, with jobs and GDP data later in the week
Rising labour costs could mean a harder economic hit to curb inflation, Scotia report says