At 8:30 AM ET, the July Jobs Report will come out.
There are high expectations for this number, as a lot of strong numbers have been coming out, including this week's ADP jobs report, initial jobless claims, and the employment sub-indices of various regional manufacturing reports.
The number is also of significant consequence, as there is a lot of interest in both what the Fed will do, and also whether the
Here are the official expectations from Wall Street:
- New jobs: 185K
- New private jobs: 195K
- Unemployment Rate: 7.5%
- Hourly earnings +0.2%
Going into the number, US futures are a tad higher, gold is getting whacked, and 10-year rates are higher.