U.S. job growth likely accelerated in July, signaling continued labor market resilience and giving the Federal Reserve room to keep its attention on persistent inflation. Economists characterize the U.S. labor market as stable rather than exceptionally strong or weak. Recent Job Openings and Labor Turnover Survey data have suggested weaker employment flows in industries such as healthcare. A jobs report broadly matching expectations could keep a September Federal Reserve interest rate move in consideration, particularly if unemployment slips to 4.1%. The Fed recently kept its benchmark interest rate at 3.50%-3.75%, though three policymakers favored a quarter-point increase.