US likely added nearly 100,000 jobs in July, but market is still tough for young and unemployed - AP News
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- The US labor market likely added nearly 100,000 jobs in July, with the official Bureau of Labor Statistics report due out Friday, according to AP News.
- Hiring is expected to pick up but with stagnant wages, per NBC News — an angle the dominant AP framing buries behind the headline job-gain number.
Why it matters: A ~100,000-job headline masks a split labor market: workers without a foothold — the young and long-term unemployed — face continued difficulty even as the top-line number improves, and flat wages mean those who do get hired aren't earning more than before Friday's report drops.
