It’s jobs week in America.
And the stakes are much higher than usual.
At 8:30 a.m. ET on Friday, the Bureau of Labor Statistics will publish the June employment situation report, aka the jobs report.
Nonfarm payrolls: +165k
Private payrolls: +175k
Unemployment rate: 7.5%
While most people are hoping for good news out of the jobs report, economists and market experts seem to be in consensus that they want a “goldilocks” outcome. In other words, they want a good report, but not one that’s so good that it would encourage the Fed to pull the plug on any of its stimulus programs.
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