When the latest official jobs report is released on Friday, economists are expecting it to show that hiring picked up in July and that the unemployment rate held steady at 4.2%.

When the latest official jobs report is released on Friday, economists are expecting it to show that hiring picked up in July and that the unemployment rate held steady at 4.2%.

Nonfarm payrolls are expected to post a gain of just 83,000 with an unchanged unemployment rate at 4.2%.