Same Old Problem Expected From US Jobs Data

The economy is pumping out plenty of new jobs and there’s little reason to expect hiring to dry up. The big surprise is that wages are still rising slowly despite the best labor market in more than a decade.

Here’s what to watch in Friday’s employment report for July. The report will be issued at 8:30 a.m. Eastern.

The beat goes on

The economy probably added about 175,000 new jobs in July, roughly the same amount the U.S. has created each month since the start of 2017, economists polled by MarketWatch estimate.

MarketWatch

Oil and Gold Sleepy Pre NFP

Dollar Mixed Ahead of Jobs Report

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.