Traders See August U.S. Payrolls Rebound After July Job Losses

According to CNBC, traders on prediction markets expect U.S. hiring to rebound in August after the economy lost jobs in July, though their outlook is slightly weaker than economists' forecast. Kalshi speculators see 50-50 odds that more than 50,000 jobs were created last month, below the Dow Jones consensus estimate for 53,000 jobs, while Polymarket traders assign a 48% chance that the economy added more than 50,000 jobs in August. The contracts are settled using official Bureau of Labor Statistics data, and the August employment report is due at 8:30 a.m. ET on Friday.