Thursday, August 04, 2016

Friday: Jobs and Wages

by Bill McBride on 8/04/2016 06:30:00 PM

Earlier: Goldman's July NFP Preview (190,000 jobs, 4.9% unemployment rate, and 2.6% YoY wages).

Preview of July Employment Report

Friday:
• At 8:30 AM ET, Employment Report for July. The consensus is for an increase of 185,000 non-farm payroll jobs added in July, down from the 287,000 non-farm payroll jobs added in June. The consensus is for the unemployment rate to decrease to 4.8%.

• Also at 8:30 AM, Trade Balance report for June from the Census Bureau. The consensus is for the U.S. trade deficit to be at $43.0 billion in June from $41.1 billion in May.

• At 3:00 PM, Consumer credit from the Federal Reserve.  The consensus is for a $15.5 billion increase in credit.