Economy

The record-setting jobs comeback looks like it could be coming to an abrupt halt

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An aerial view of a construction worker roofing an apartment home on May 27, 2020 in Uniondale, New York.

Al Bello | Getty Images

Record-breaking job creation in May and June appear to be giving way to a more subdued pace, with a possibility that some of those gains even will be reversed.

Current consensus is for July nonfarm payrolls to rise by 1.26 million, according to economists surveyed by Dow Jones. The number would be well below the previous month’s 4.8 million but still easily better than anything the U.S. has seen in the pre-Covid 19 era. 

Still, recent signs are indicating that while the previous two months showed surprises to the upside, adding 7.5 million jobs in just two…



Source cnbc.com

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