Core Viewpoint - The U.S. non-farm employment growth is likely to remain concentrated in the healthcare and social assistance sectors, while manufacturing job vacancies have declined for the second consecutive month, indicating potential warning signs for the labor market [1] Group 1: Employment Trends - Manufacturing job vacancies fell for the second month in July, signaling a potential weakening in labor demand [1] - A strike involving 3,200 Boeing workers may further impact manufacturing employment, which is already under pressure from tariffs [1] - The White House's budget cuts are expected to lead to additional job losses in federal government positions [1] Group 2: Economic Outlook - Citigroup economist Veronica Clark noted increasing evidence that labor demand will weaken further in August [1] - The risk of layoffs this year has been underestimated by both the market and Federal Reserve officials [1]