Hiring in the US probably increased at a healthy yet more moderate clip this month, representing a vote of confidence about the demand outlook after a solid first half of the year.
The closely watched jobs report on Friday is projected to show employers boosted payrolls by 200,000 in July, while unemployment held at a historically low 3.6% and hourly pay cooled. Earlier in the week, separate data are seen showing fewer June job openings that indicate better balance in the labor market.