US payrolls projected to increase by 200,000 for the 4th month in a row, with 4.1% annual earnings growth, indicating sustained labor market and economic growth.

US payrolls are forecasted to increase by at least 200,000 for a fourth consecutive month, with average hourly earnings projected to rise 4.1% year-over-year, the smallest annual growth since mid-2021. Healthy employment gains suggest the US labor market is sustaining economic growth with limited inflation risks. The Federal Reserve can delay interest rate reductions, awaiting further declines in price pressures.