NEW YORK ( TheStreet) -- Most economists believe employers broadly shed jobs again in the month of July. But the sour stat will mostly result from continued and expected Census worker layoffs in the government ranks.
So, look for a repeated scene to play out on Wall Street in the morning, where market observers will quickly dismiss the headline number and instead focus on the number of private sector jobs created during the month.
When the Labor Department's report is released Friday at 8:30 a.m. EDT, expect nonfarm payrolls to drop by 87,000, according to consensus figures provided by Briefing.com. But Wall Street economists are also looking for private sector payrolls to have grown by 82,500 last month, which will top the estimated
In June, the
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