Celina Jade
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July jobs report likely to show plenty of new jobs but no big wage gains for workers

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Most companies are hiring, layoffs are extremely low and the U.S. unemployment rate is near a 16-year bottom.

The economy is pumping out plenty of new jobs and there’s little reason to expect hiring to dry up. The big surprise is that wages are still rising slowly despite the best labor market in more than a decade. Here’s what to watch in Friday’s employment report for July. The report will be issued at 8:30 a.m. Eastern. The beat goes on The economy probably added about 175,000 new jobs in July, roughly the same amount the U.S. has created each month since the start of 2017, economists polled by MarketWatch estimate. Even if hiring fell well short of Wall Street’s forecast, it wouldn’t mean much. The U.S. only needs to create around 100,000 jobs to accommodate all the new people looking for work each month. It’s been a long time since hiring was that weak. The last time the U.S. created fewer than 100,000 jobs a month was in 2010.