Halister News

(Bloomberg) -- Non-farm payrolls seen at +180k in July vs +287k in June (forecast range +140k to +240k); June increase was largest since last Oct.

• “Extreme volatility” in payroll growth has heightened has Fed uncertainty; low jobless instill confidence “to some degree": Bloomberg Intelligence
  • See commentary by Bloomberg FX strategists Dennis Pettit and TJ Marta: NFP May Resolve USD Ambivalence, Drive Fedspeak
• Average weekly hours seen unchanged at 34.4 in July (range 34.4 to 34.5)
• Average hourly earnings est. +0.2% m/m in July vs +0.1% in June (forecast range +0.2% to +0.4%)
• Unemployment rate seen at 4.8% in July vs 4.9% in June (forecast range 4.6% to 5%); tracks number of unemployed as percentage of labor force
  • Also today, trade balance in goods and services seen at -$43b in June vs -$41.4b in May (forecast range -$39b to - $44b)