Economist expectations are for 180k and this will be only a small increase after the bad data in May and June. Investors expect only a slight improvement on the data this month, from 180K to 190K. Unemployment rate is expected to fall to 4.8 percent from the previous 4.9 percent. Average hourly from 0.1% earnings to 0.2%. fall to 4.8 percent from 4.9 percent. Average hourly earnings to 0.2% from 0.1%. These figures come only after the gross domestic product news from the US which was 1.2%, only half than was expected and it does not speak well for the economy. If the data today are worse than previous ones, this will surely affect Fed and their plans for higher interest rates this year. Markets indicate a very small percentage chance of any increase during 2016.
Some analysts share that sectors such as energy and production have not only stooped to hire new workers, but also to reduce their current workforce. Other sectors such as healthcare, hospitality and recreation, professional services are hiring. With the decline in unemployment this will decrease the improvement of data once the economy takes full employment.
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