Hired or Fired: It's Time for the U.S. Jobs Report

The U.S. nonfarm payrolls report for July will be released at 8:30 a.m. ET. Economists surveyed by FactSet expect the U.S. to have added 180,000 jobs last month, while the unemployment rate is expected to dip to 4.3%, matching May's 16-year low, from 4.4% in June.

While the current jobless rate of 4.4% is less than half its 2009 peak, salaries are growing less than 3% from one year to the next and inflation -- a measure of U.S. economic growth -- has slowed 40 basis points this year to 1.5%. That's well behind the 2% the Federal Reserve said would indicate stable expansion and help justify continuing to boost interest rates.

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