The U.S. Labor Department's July payrolls report will be one of the most closely watched economic prints this week. Consensus economists are looking for non-farm payrolls to have increased by 900,000 in July, according to Bloomberg data, marking the biggest monthly job gain since August 2020. In June, payrolls rose by 850,000. The unemployment rate is also expected to have improved further last month, dipping to 5.7% from May's 5.9%.
