According to Jin10, institutions expect the U.S. July unemployment rate to come in between 4.1% and 4.3%, compared with 4.2% previously. Canada National Bank sees 4.1%, while Deutsche Bank, Mizuho Securities, HSBC Holdings, Royal Bank of Canada, Danske Bank, BNP Paribas, Wells Fargo, Berenberg Bank, Commonwealth Bank of Australia (CBA), Oxford Economics, Pantheon Macroeconomics, Nordea, Société Générale, Moody's Analytics, Nomura Securities, Bank of Montreal, Barclays Bank, TD Securities, High Frequency Economics, Sumitomo Mitsui Banking Corporation, Morgan Stanley, JPMorgan Chase, Vanguard, Daiwa Capital Markets, Lloyds Bank, Bank of Nova Scotia, Standard Chartered, Westpac Banking Corporation, ING Group, Capital Economics, Citigroup, National Westminster Bank, Commerzbank, Goldman Sachs Group, UBS Group, Canadian Imperial Bank of Commerce, BofA Merrill Lynch, and U.S. Bancorp all expect 4.2% or 4.3%. Reuters expects 4.2%.
