Economists forecast 85,000 nonfarm payrolls in July after 57,000 in June—both well below levels in prior years. A shrinking labor supply means fewer jobs are needed to keep the unemployment rate stable, whether from tighter immigration enforcement or increased baby-boomer retirements. Comerica Bank chief economist Bill Adams says employers likely added modest jobs in July, keeping the unemployment rate roughly unchanged while the labor force participation rate edges up slightly from June's post‑

Economists forecast 85,000 nonfarm payrolls in July after 57,000 in June—both well below levels in prior years. A shrinking labor supply means fewer jobs are needed to keep the unemployment rate stable, whether from tighter immigration enforcement or increased baby-boomer retirements. Comerica Bank chief economist Bill Adams says employers likely added modest jobs in July, keeping the unemployment rate roughly unchanged while the labor force participation rate edges up slightly from June's post‑pandemic low. Household survey gains may continue to lag payroll hiring; if that persists it would put downward pressure on the unemployment rate.