July jobs report expected to show a labor market slowing to a crawl

[Bernardo de La Paz]

4. The labour market is very tight

Companies are not hiring much, because of uncertainty. Workers (in fear of US government abductions) are not showing up but not appearing on unemployment statistics. GDP averaged on two quarters is 1.2%, kind of weak. Powell calls the labour market "in balance", but a balance is easily disturbed by macro-economic disruptions like tariff taxes, shrinking labour pool, and delayed layoffs. As to the latter, in October about 150,000 people will be eagerly looking for jobs because their government "deferred resignations" take effect at the end of September.

Your link needs membership or disabling ad blockers or something. Grayed out, can't read. But when I searched with the title, I got other similar reports like this one: https://www.morningstar.com/markets/july-jobs-report-forecast-show-further-softening-hiring