The job market may be cooling off, but it probably eked out another respectable month of job growth in July after a surprisingly strong June
New York .
Economists polled by Refinitiv estimate the economy added 164,000 jobs last month, with the unemployment rate remaining steady at 3.7%. That would represent a slowdown from the 192,000-job average over the past year, and the 171,000-job average over the past quarter — but more than enough to absorb everyone who enters the labor force in a typical month. Here's where we are more than 10 years into this economic expansion: The unemployment rate has been at or under 4% for 16 straight months.
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