{"id":45969,"date":"2025-07-29T21:24:08","date_gmt":"2025-07-29T21:24:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/45969\/"},"modified":"2025-07-29T21:24:08","modified_gmt":"2025-07-29T21:24:08","slug":"bank-of-america-expects-a-jobs-report-dud-on-friday","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/45969\/","title":{"rendered":"Bank of America expects a jobs report dud on Friday"},"content":{"rendered":"<p>Bank of America doesn&#8217;t have high expectations for Friday&#8217;s job report. The bank anticipates a 60,000 increase in nonfarm payrolls in July, below the 100,000 Dow Jones consensus estimate. &#8220;If that forecast is correct, the knee-jerk market response will probably be dovish,&#8221; U.S. economist Aditya Bhave said in a note Tuesday. &#8220;However, we encourage investors to pay more attention to private payroll growth and the u-rate [unemployment rate].&#8221; While government employment jumped in June , that appears to be a seasonal distortion, he noted. He assumes a 25,000 decline in total government payrolls in the Bureau of Labor Statistics data for July. The more important story is private payrolls, Bhave said. &#8220;We think private payrolls will accelerate from +74k in June to +85k in July,&#8221; he wrote. In addition, the unemployment rate will matter to the markets, he said. In general, a 4.1% rate or lower would be hawkish, while 4.3% or higher would show signs of increasing labor slack, Bhave pointed out. The consensus estimate is 4.2%, up from June&#8217;s 4.1% rate. &#8220;We think our forecast of a 4.2% print would show that labor supply and demand remain well balanced,&#8221; he said. &#8220;But the second decimal place might matter: markets could take a dovish signal if we&#8217;re close to rounding up to 4.3%.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Bank of America doesn&#8217;t have high expectations for Friday&#8217;s job report. The bank anticipates a 60,000 increase in&hellip;\n","protected":false},"author":2,"featured_media":4661,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[449,28,122,101,113,134,114,3657,145],"class_list":["post-45969","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-breaking-news-economy","tag-business","tag-business-news","tag-economy","tag-investment-strategy","tag-jobs","tag-stock-markets","tag-u-s-economy","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/45969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=45969"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/45969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/4661"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=45969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=45969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=45969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}