Catherwood LibraryILR School

With the July jobs outlook and second-quarter GDP report due Friday, investors are contemplating the juxtaposition of a promising unemployment rate against paltry growth. Economists forecast that the contrasting outlooks will eventually unify; in that either hiring will slow or growth will accelerate, or later be revised. Government changes to its method of GDP calculation could historically edit the numbers and show that growth was stronger than originally believed. MarketWatch projections for this week?s reports forecast a decline in the employment rate from 7.5% to 7.6%, and a 1% increase in growth.