Strong Us Job Growth Expected In July Tariffs Yet To Bite

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Strong Us Job Growth Expected In July Tariffs Yet To Bite

WASHINGTON – U.S. companies likely maintained a strong pace of hiring in July, suggesting that the robust economy was helping the labor market to weather trade tensions, which could allow the Federal Reserve to raise interest rates again in September.

Nonfarm payrolls probably rose by 190,000 jobs last month after increasing 213,000 in June, according to a Reuters survey of economists. The Labor Department will publish its closely watched employment report on Friday at 8:30 a.m.(1230 GMT).

“We remain watchful for signs that the protectionist trade policies put in place by the Trump administration are slowing hiring, but right now the labor market appears resilient,” said Michael Gapen, chief economist at Barclays in New York.

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