For Thursday, July 2 TheStreet highlights the key economic data to watch on Wall Street. On the economic calendar, the June employment situation report, jobless claims, factory orders, and the natural gas inventory report from the U.S. Energy Information Administration. All eyes will be on the Labor Department as it releases the jobs report. Economists are forecasting U.S. employers to add 225,000 jobs in June. Meanwhile, the unemployment rate is expected to drop to 5.4%, which would mark a seven-year low. Federal Reserve Chair Janet Yellen is looking for more strength in the labor market, as officials try to determine the timing of future interest rate hikes. TheStreet's Kurumi Fukushima reports from New York.