The report potentially complicates the Fed’s upcoming rate decision
For now, the U.S. job market appears stuck in a “low-hire, low-fire” state
Unemployment rate rose to 4.4% as more people entered the labour market
The jobs numbers have lately been contentious
Economy adds 67,000 jobs for second straight month of surprise job gains
On a year-over-year basis, job vacancies were down 15.2% in the month
Hiring slows as layoffs and quits both decline
EI beneficiary numbers climbed 13.2% between December 2024 and July
Average hourly wage offered for vacant positions was up by 4.5%
Higher than expected number, other data, signal cooling labour market