London (CNN Business) For the past year, America has had a glut of open jobs. When there are too many open roles, wages start to rise quickly, which can make economy-wide inflation even worse. Coming up: Attention now turns to the US jobs report for July, which arrives Friday morning. "The job market has a target on its back, and the Fed is not going to take its eye off of that target for quite some time," Hamrick said. Also today: All eyes are on the US jobs report for July, which arrives at 8:30 a.m.

Source: CNN August 05, 2022 23:02 UTC